Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

an a lender give a borrower an incentive, such as a chance to win a trip or a rebate, for doing business with the lender?

April 26, 2017borrower Business chance doing Lender rebate trip Win

0

Posted

an a lender give a borrower an incentive, such as a chance to win a trip or a rebate, for doing business with the lender?

1 Answer

0

Posted

RESPA does not prohibit a lender or other settlement provider from giving the borrower an incentive for doing business with it as long as the incentive is not based on the borrower referring business to the lender.