Before the team acts on a branch training session, a policy analyst must address RESPA Servicing Transfer Notice. Which response is most defensible?
Correct Answer
D) Do not exchange value for settlement-service referrals
RESPA/Regulation X limits referral value and sets servicing disclosure and response duties. The best answer is "Do not exchange value for settlement-service referrals".
Why This Is the Correct Answer
RESPA/Regulation X limits referral value and sets servicing disclosure and response duties. The best answer is "Do not exchange value for settlement-service referrals".
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