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Casey notices a compliance issue tied to RESPA servicing and affiliated-business rules. What is the best next step?

Correct Answer

B) Give the AFBA disclosure and avoid required use

RESPA/Regulation X limits referral value and sets servicing disclosure and response duties. The best answer is "Give the AFBA disclosure and avoid required use".

Answer Options
A
Use an internal exception instead of the required federal disclosure or timing rule.
B
Give the AFBA disclosure and avoid required use
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/Regulation X limits referral value and sets servicing disclosure and response duties. The best answer is "Give the AFBA disclosure and avoid required use".

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