Section 8 is one of the most complicated and easily violated provisions of RESPA and Regulation X, carrying significant civil and criminal penalties. Section 8 compliance has been under the regulators’ microscope for several years and the subject of many consequential court cases. We will look at the provisions, several traps that lenders and settlement service providers fall into, enforcement actions, and practices to bolster compliance.

We Will Cover:

• Requirements and definitions
• Common violations of Section 8 and various pitfalls to avoid
• Civil and criminal penalties, enforcement actions
• Steps to avoid violations

Who Should Attend:
Compliance Officers, Lenders, Settlement Service Providers, Auditors, Examiners

Air date: February 11, 2021
(Courses are current as of the date aired)