RESPA Roundup-Volume Based Compensation

Compliance > Regulation X - RESPA > RESPA Roundups
Volume Based Compensation.
 
If a lender is basing its compensation to mortgage brokers on loan volume, as described in the new FRB compensation rule, please note that RESPA Section 8 (12 U.S.C. 2607) prohibits the payment of things of value or kickbacks in exchange for the referral of business to settlement service providers, including creditors.
 

This can be found in that March 2011 RESPA Roundup, found here:  http://www.hud.gov/offices/hsg/rmra/res/mlocomplrodup31811v2.pdf

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