During a borrower intake review, the supervisor encounters an RESPA Kickbacks and Referral Fees issue. Which response should choose the compliant next step?
Correct Answer
C) Handle the servicing request under Regulation X timing
RESPA prohibits kickbacks and regulates escrow, servicing, and settlement-service practices. The best answer is "Handle the servicing request under Regulation X timing".
Why This Is the Correct Answer
RESPA prohibits kickbacks and regulates escrow, servicing, and settlement-service practices. The best answer is "Handle the servicing request under Regulation X timing".
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