Finance
An Arizona lender who violates RESPA by accepting kickbacks for referrals is subject to:
ALicense suspension only, with no monetary penalties
BCriminal penalties including fines and imprisonment✓ Correct
CA letter of reprimand from the ADRE
DMandatory mediation with the borrower
Explanation
RESPA strictly prohibits kickbacks and unearned fees for settlement service referrals. Violations can result in criminal penalties of up to $10,000 in fines and/or one year in prison per violation.
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