Summary
Department of Housing and Urban Development unit dedicated to enforcing anti-kickback provisions of the Real Estate Settlement Procedures Act
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Extract
The new RESPA police.
The New RESPA POLICE
A new HUD unit dedicated to enforcing anti-kickback provisions of RESPA is flexing its muscle in preparation for a blitz of activity. Although the little unit is only six persons strong, it wields enough legal clout to make a mighty impact on RESPA violators. For years now, HUD has been trying to get some final regulations on the Real Estate Settlement Procedures Act (RESPA) out of the department, past OMB and onto the street. Have they made any visible progress on that front? No. Well, wait a minute. There now actually appears to be some small progress being made inside HUD on the thorny issue of RESPA. A new little unit inside HUD that puts some teeth into the department's mission to take enforcement action against RESPA violators may put to rest the charge that HUD has done nothing to actively discourage kickbacks barred under the act. The Real Estate Settlement Procedures Act prohibits paying refer...See the full content of this document
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