Quiz for B2B: Understanding RESPA Section 8
Quiz Summary
0 of 10 Questions completed
Questions:
Information
You have already completed the quiz before. Hence you can not start it again.
Quiz is loading…
You must sign in or sign up to start the quiz.
You must first complete the following:
Results
Results
0 of 10 Questions answered correctly
Your time:
Time has elapsed
You have reached 0 of 0 point(s), (0)
Earned Point(s): 0 of 0, (0)
0 Essay(s) Pending (Possible Point(s): 0)
Categories
- Not categorized 0%
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- Current
- Review
- Answered
- Correct
- Incorrect
-
Question 1 of 10
1. Question
- Which of the following is not a settlement service provider?
-
Question 2 of 10
2. Question
2. What is the maximum penalty to the CFPB for violations of RESPA Sec. 8?
-
Question 3 of 10
3. Question
3. What are the document retention requirements for RESPA Sec. 8?
-
Question 4 of 10
4. Question
4. Banks may pay referral fees to employees.
-
Question 5 of 10
5. Question
5. Which of the following is a permissible Marketing Services Agreement?
-
Question 6 of 10
6. Question
6. An MLO providing lunch to a group of realtors is not viewed by examiners as “things of value.”
-
Question 7 of 10
7. Question
7. Which of the following are not prohibited under RESPA?
-
Question 8 of 10
8. Question
8. To prove an agreement or understanding, the bank must have a formal agreement with a settlement service provider.
-
Question 9 of 10
9. Question
9. A bank paying an attorney a fee to draft loan documents would be a violation of RESPA.
-
Question 10 of 10
10. Question
10. Which of the following transactions would be covered under RESPA?