RESPA Section 8 – which prohibits giving or receiving a “Thing of value” in exchange for the referral of settlement service business – gets lots of industry attention.
But it’s time to also give some credence to the little-discussed RESPA Section 9 and how it affects title company selection, Mayer Brown Partner Phil Schulman said at a recent virtual RESPRO session.
Read on for details on why you should be paying more attention to “the RESPA stepchild.”
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