Question
Sandpoint Title Company has offered Lenox Homes a 15% discount on closing costs if Lenox brings all of its homebuyers to Sandpoint for closing on
Sandpoint Title Company has offered Lenox Homes a 15% discount on closing costs if Lenox brings all of its homebuyers to Sandpoint for closing on their homes.The 15% discount:
a.Is a violation of RESPA.
b.Is a violation of RESPA unless the volume discount is passed along to the Lenox home buyers.
c.Is not a violation of RESPA as long as the discount is disclosed.
d.Is the YSP in the transactions.
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CFIN
Authors: Scott Besley, Eugene Brigham
5th edition
1305661656, 9781305888036 , 978-1305666870
