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During quality control, Drew finds a file issue involving RESPA and Regulation X. Which action is most appropriate?

Correct Answer

B) Pay only for actual services performed

RESPA prohibits kickbacks and regulates escrow, servicing, and settlement-service practices. The best answer is "Pay only for actual services performed".

Answer Options
A
Use an internal exception instead of the required federal disclosure or timing rule.
B
Pay only for actual services performed
C
Wait until a regulator asks for the file before applying the federal requirement.
D
Rely on oral agreement when the rule requires documented compliance.

Why This Is the Correct Answer

RESPA prohibits kickbacks and regulates escrow, servicing, and settlement-service practices. The best answer is "Pay only for actual services performed".

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