RESPA Section 8 & Hosting Lending Events

RESPA Section 8 & Hosting Lending Events

In this Compliance Clip (video), Adam discusses the compliance challenges when a lender wants to host an event and invite Realtors, title companies, or other settlement service providers. Networking, of course, is essential to the lending function of any creditor, but RESPA Section 8 provides some strict prohibitions that every lender should be aware of as significant fines can be assessed when the rules are ignored or not followed.

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