Sentences with phrase «fee splitting prohibitions»
RESPA violations of kickback, referral, and fee splitting prohibitions are subject to severe penalties including fines of up to $ 10,000 and one year in prison.
http://www.mortgagecompliancemagazine.com/ Not exact matches
The prohibition against splitting fees with non-lawyers is both protectionist and, to put it bluntly, dumb.
(Under Freeman vs. Quicken Loans, the court ruled that the prohibition in RESPA of unearned fees referred to fees that are split with another service provider for which no service is provided — a kickback.
Real estate licensees can develop promotions which do not violate the prohibitions against fee splitting and kickbacks.
The PHH Opinion continues a long line of interpretations from the Department of State regarding the fee splitting and kickback prohibitions in Section § 442 as they relate to a variety of promotional programs designed by real estate licensees attempting to increase services and sales.