Topic : RESPA Updates
Court Decisions Cause RESPA Compliance Confusion
More tips on RESPA law, guidelines and violations for real estate agents and loan originators from former HUD investigator and RESPA expert, Dr. Gary Lacefield. Three U.S. Appeals Court found mark-ups do not violate the fee-splitting prohibitions of RESPA while three other Circuit Courts affirmed the department’s position that markups can violate the fee-splitting prohibitions […]
RESPA Violations Can Mean Big Fines and Jail Time
More tips on RESPA law, guidelines and violations for real estate agents and loan originators from former HUD investigator and RESPA expert, Dr. Gary Lacefield. This week’s video discusses sham operations and fees for no service and the resulting big fines and possible jail time for a former VP of FLEET (now Bank of American) and […]
More Illegal Awards Violate RESPA Guidelines
More tips on RESPA law, guidelines and violations for real estate agents and loan originators from former HUD investigator and RESPA expert, Dr. Gary Lacefield. This week’s video concerns another sports event but this time it concerns a mortgage company holding a drawing for suites in local sports arenas. The problem occurs when only real estate […]
RESPA and Illegal Sports Programs
More tips on RESPA law, guidelines and violations for real estate agents and loan originators from former HUD investigator and RESPA expert, Dr. Gary Lacefield. This week’s video discusses the problem of illegal awards and an investigation into what appears innocent enough: a sports pickup game. How could an amateur sports event for real estate agents […]
How Does RESPA Uncover “Sham Employees”?
More tips on RESPA law, guidelines and violations for real estate agents and loan originators from former HUD investigator and RESPA expert, Dr. Gary Lacefield. This week’s question, How does RESPA define and find “sham employees”? The RESPA police are responding to this problem, and some employees don’t even know they violating the law. View the […]
What Does RESPA Consider A Sham Business?
More tips on RESPA law, guidelines and violations for real estate agents and loan originators from former HUD investigator and RESPA expert, Dr. Gary Lacefield. This week’s question, When is a business arrangement considered a “sham”? Under RESPA, it’s an affiliation established with the sole purpose of referring business and funneling fees. View the RESPANewsUpdate.com video here. […]
Who Do the “RESPA Police” Look For?
More tips on RESPA law, guidelines and violations for real estate agents and loan originators from former HUD investigator and RESPA expert, Dr. Gary Lacefield. This week’s question, Who do the “RESPA Police” look for? Who does RESPA cover? If you’re in a position to refer settlement services, this will be of interest to you. View […]
Is It RESPA Compliant to
Sponsor Ads on Websites?
More tips on RESPA law, guidelines and violations for real estate agents and loan originators from former HUD investigator and RESPA expert, Dr. Gary Lacefield. This week’s question concerns co-marketing or sponsoring ads on websites and RESPA classes. When is it okay to advertise on a website? How can a company sponsor a class and be […]
Why RESPA in the First Place?
More tips on RESPA law, guidelines and violations for real estate agents and loan originators from former HUD investigator and RESPA expert, Dr. Gary Lacefield. Ever wonder why RESPA was created in the first place? Dr. Lacefield explains the need for these regulations. View the RESPANewsUpdate.com video here. This educational video and the RESPANewsUpdate.com website were […]
Can Giving A Reward Be
A RESPA Violation?
More tips on RESPA law, guidelines and violations for real estate agents and loan originators from former HUD investigator and RESPA expert, Dr. Gary Lacefield. This week’s question concerns giving rewards to clients and partners. How can such a nice gesture get you in hot water with the RESPA police? View the RESPANewsUpdate.com video here. This educational […]