Financing in 75023>Question Details

arollins29, Other/Just Looking in Plano, TX

Is there a Respa law for incentives or fees paid to loan officers @ a mortg comp for leads refrd to an insurance agency owned by LO's mortg comp?

Asked by arollins29, Plano, TX Thu May 16, 2013

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ABA (Affiliated Business Arrangement) disclosure should be used in connection with a real estate transaction.

Texas Department of Insurance regulations also apply to the insurance producer and limits the amount of any fees.

So, both RESPA and TDI apply.
0 votes Thank Flag Link Fri May 17, 2013
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