Finance
Under the Real Estate Settlement Procedures Act (RESPA), kickbacks between settlement service providers are:
AAllowed if disclosed to the borrower
BProhibited✓ Correct
CAllowed if under $50 in value
DRegulated by state law only
Explanation
RESPA Section 8 prohibits kickbacks or referral fees between settlement service providers in federally-related mortgage transactions. Violations can result in criminal penalties.
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