The spring real estate market usually means more members are applying for mortgages, so I wanted to use this opportunity to review one of the most important provisions of the Real Estate Settlement Procedures Act (RESPA), Section 8(a) which prohibits kickbacks. Section 8 of RESPA prohibits anyone from giving or accepting a fee, kickback, or …
Spring is in full bloom which means summer is right around the corner…and all its accompanying Federal holidays…Memorial day, Juneteenth, Independence Day, and Labor Day. These holidays can pose a challenge for compliance officers trying to calculate their delivery date under the TRID mailbox rule or determine when the right of recission expires on a …
IS IT A “HOLIDAY” OR A “BUSINESS DAY” UNDER REGULATION Z? Read More »
Every marketing department knows the power of a good advertisement, but making exaggerated claims in marketing materials for financial products or services designed to make the product or service appear more attractive or valuable than it actually is can lead to a UDAAP violation. Deceptive advertising is one of the most common violations of UDAAP. …
Could Your Marketing Materials Be Considered “Deceptive??” Read More »
