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 Compliance Bulletin 2015-05 is rescinded.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.

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