RESPA Refresher: Section 8 Prohibition on Paying for the Referral of Settlement Services

As credit unions have spent the better part of the last two years implementing the Consumer Financial Protection Bureau's (CFPB's) various new mortgage rules, it becomes easy to overlook compliance pitfalls that have been around for a while - the oldies but goodies. One of these areas is Section 8 of the Real Estate Settlement Procedures Act (RESPA).

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