Ask Question
LawLaw
26 January, 00:30

The law that prohibits an escrow agent from compensating any individual for referring customers or accounts is found in

+4
Answers (1)
  1. 26 January, 00:45
    0
    Section 8 of the Real Estate Settlement Procedures Act prohibits an escrow agent from compensating any individual for referring customers or accounts

    Explanation:

    Section 8 of Real Estate Settlement Procedures Act prohibits a escrow agent from compensating any individual for referring customers or for any such services performed. The other terms used for this are kickbacks, fee-splitting and unearned fees.

    As per HUD a person who violates the section 8 of Real Estate Settlement Procedures Act can face imprisonment of 1 year and a fine of $ 10000
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The law that prohibits an escrow agent from compensating any individual for referring customers or accounts is found in ...” in 📗 Law if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
84. The contents of an affidavit in support of a warrant must be sufficient to allow an independent evaluation of probable cause by the: a. judge. b. police officer. c. attorney. d. jury.
Answers (1)
Explain Why do we need to overhaul and simplify the law
Answers (1)
Termite Gone, Inc. contracts with Brynn, a homeowner, regarding a contract that guarantees no infestation of termites for 30 years during the life of the contract. The contract contains an arbitration provision.
Answers (1)
You are the juvenile court judge. It is your responsibility to decide the appropriate disposition for Trey's case.
Answers (1)
What numbers of judges are needed for the following judicial opinions: Unanimous Majority When writing for the minority opinion, the number of judges would be less than __assuming all 9 judges participate
Answers (1)
New Questions in Law
An accounting report that shows the changes in capital during the accounting period is a/an
Answers (1)
Why is sociology important to the development understanding of social problems
Answers (1)
Case #1: Lynch v. Donnelly The facts: Given your understanding of the establishment clause, what argument could the group have made?
Answers (2)
A hand lotion company decided to run a BCG Matrix analysis on its business. What did they potentially discover?
Answers (1)
Yolanda and Rodney agreed that Rodney would paint Yolanda's home for $800, with Yolanda supplying the paint. Rodney went to Yolanda's home on several occasions to do the job, but she never had the paint ready. Finally, he moved on to other jobs.
Answers (2)
Home » Law » The law that prohibits an escrow agent from compensating any individual for referring customers or accounts is found in
Sign Up Forgot Password?