RESPA Section 8: Kickback & Unearned Fees – ON-DEMAND WEBINARS


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SKU: SWRS8-1 Category:

Date Recorded: May 20, 2022
Presenter: Leah Hamilton, JD, Vice President & Senior Consultant, ProBank Austin

RESPA Section 8 continues to come under heightened scrutiny from the regulators. Join this two-hour session as we sift through the anti-kickback and unearned fees challenges of RESPA Section 8.

Financial institutions often grapple with trying to reconcile the scope and vagueness of the rule with the complexity of real-life situations. What do agency interpretations tell us about how to avoid violations? What activities have been considered to be in violation of Section 8, and what penalties have been imposed for those violations?

This webinar will discuss the complete picture of RESPA Section 8, and present examples that may violate Section 8 rules.

During this two-hour webinar on RESPA Section 8, we will cover:

  • Which transactions are subject to Section 8?
  • Definitions of “thing of value,” “referral,” “agreement or understanding” and “unearned fees”
  • Requirements and prohibitions of Section 8
  • CFPB bulletin on MSAs HUDs letter on Unearned Fees
  • Examples of actions that violate Section 8
    • Realtor lunches, client lunches, builder preferred lender
  • Penalties for violations
Who Should Listen

This webinar will be of value to compliance officers, managers and marketing as well as lending staff and management as they face compliance issues each day on the front line.

Program Level: Basic

Prerequisite: Basic Knowledge of RESPA

Advanced Preparation: None

Field of Study: Specialized Knowledge

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Any recording, transmission, retransmission, or republishing of any portion of this webinar is prohibited.