Finance
RESPA (Real Estate Settlement Procedures Act) prohibits:
ARequiring home inspections
BKickbacks and unearned fees between settlement service providers✓ Correct
CCharging origination fees
DRequiring escrow accounts for taxes and insurance
Explanation
RESPA prohibits kickbacks and referral fees between settlement service providers (lenders, title companies, appraisers) that increase the cost of settlement to consumers.
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