RESPA Section 8: Kickbacks & Unearned Fees 2022 | ProBank Austin | 20 May 2022 | Webinar

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.

Format/instructional Method: Group Internet Based:
An online presentation and any additional supplemental materials, as applicable, will serve as the basis of the presentation. You will have the option to stream the audio through your computer or dial-in using a telephone number/PIN. Ample time will be dedicated to taking questions from attendees. Be sure to submit your questions during the webinar, as we are unable to offer telephone or email support after the presentation.

2022 Speaker

PRESENTER:

Leah Hamilton
Vice President & Senior Consultant, ProBank Austin