Penalties for receiving kickbacks under RESPA is a fine of $20,000, two years in prison, or both.
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Q18: An escrow agent cannot be held liable
Q19: An escrow agent's authority is limited to
Q20: Escrow instructions are a contract between buyer,
Q21: RESPA does not apply to residential refinancings.
Q22: RESPA prohibits accepting kickbacks for business referrals.
Q24: Both the buyer and the seller must
Q25: The buyer is not entitled to a
Q26: The Patriot Act applies to escrow agents
Q27: Once an escrow is opened, it cannot
Q28: POC is an acronym for "paid on
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