Finance
The Real Estate Settlement Procedures Act (RESPA) prohibits which practice?
ARequiring a 20% down payment
BKickbacks or referral fees between settlement service providers✓ Correct
CAdjustable rate mortgages with initial low rates
DTitle insurance requirements by lenders
Explanation
RESPA Section 8 prohibits kickbacks, referral fees, and unearned fees among settlement service providers (lenders, title companies, appraisers, brokers), as these increase costs to consumers.
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