Buckley Webcast: Compliance with RESPA Section 8: The current state of play
The standards for compliance with Section 8 of the Real Estate Settlement Procedures Act remain unsettled in the wake of the PHH decision and changes in CFPB leadership. The rules themselves have not changed, but the slowing pace of enforcement actions has encouraged some participants in the highly competitive mortgage marketplace to consider an aggressive approach to what they can and cannot do. Buckley discussed how compliance professionals can navigate Section 8 in a world where “everyone else is doing it.” Topics included marketing services agreements, joint advertising, lead generation, portfolio retention, and the CFPB’s process for no-action letters.
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