Under RESPA, which of the following is prohibited when referring borrowers to third-party service providers?
Correct Answer
B) Receiving a kickback for the referral
Section 8 of RESPA prohibits kickbacks, fee-splitting, and unearned fees in connection with real estate settlement services, including referrals to third-party providers.
Why This Is the Correct Answer
Section 8 of RESPA prohibits kickbacks, fee-splitting, and unearned fees in connection with real estate settlement services, including referrals to third-party providers.
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A construction-to-permanent loan's construction phase experiences a 45-day delay due to weather, affecting the interest rate conversion date. The lender wants to issue a revised Loan Estimate. This delay: