RESPA and the Holiday Season
December 03, 2013 10:14 AM
As we get closer to the holidays, we think about presents, parties, and RESPA! Ken Perry, president and CEO of Broker Knowledge Group, says he is always surprised to see so many loan originator's getting "confused" around the myth of $25 gifts being OK for referral partners. We need to remember that anything given in exchange for, or anticipation of, a referral can get you in hot water with RESPA.