The Rules of the RESPA Road: Compliant Strategic Alliances
Author: Holly Spencer Bunting.
Source: Volume 36, Number 05, May 2020 , pp.53-59(7)
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Abstract:
The prohibition of referral fees for settlement service business under Section 8 of RESPA is subject to significant exceptions for certain strategic alliances. In this article, the author describes the prohibition, and then turns to detailed discussions of exceptions for payments for goods and services and affiliated business arrangements. She closes with tips for compliant RESPA strategies.Keywords: Real Estate Settlement Procedures Act (“RESPA”); RESPA Referral Fee Prohibition; Exceptions to Section 8 Prohibitions
Affiliations:
1: Mayer Brown.