Summary of CFPB 2020 Frequently Asked Questions – Section 8 of Real Estate Settlement Procedures Act

Updated 10/16/2020

This tool summarizes the CFPB’s 2020 FAQs addressing RESPA Section 8 applications and rescinding of the Compliance Bulletin 2015-05. The following are key takeaways of the changes:

  1. Compliance Bulletin 2015-05 is rescinded.
  2. Certain marketing services agreements (MSAs) and other compensable activities between settlement service providers and other parties, including referral sources, are permissible.
  3. Neither the FAQs nor the rescission of the Compliance Bulletin are an indication of CFPBs flexibility to allow any practice prohibited under RESPA Section 8.

Members Can Download This Tool

Login to Download

Forgot password?


Not Yet a Member?

Our members enjoy:

On-demand regulatory guidance hotline – by chat, phone and email – available from anywhere, on any device – 7 am - 6 pm, M-F, Central time 

Research time saved daily/ weekly across forms, across checklists, across trainings — for every regulation

Hours of form-building and branding of bank documents saved; in some cases, even the budget of additional staff

A sounding board for support and reassessment when institutional goals or the regulatory environment changes

Access to attorneys and compliance specialists for risk modelling and decision-making in advance of large business decisions

The knowledge that C/A was created and owned by 29 State Bankers Association to provide bank compliance services to their membership organizations

Find out how a personalized team of attorneys and compliance professionals helps build targeted compliance strategies throughout your institution when you take our Live Membership Demo.

Become a Member