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Question 1 of 1

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322564

120

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Regarding affiliated business arrangements, when assessing whether a payment is a return on ownership interest or an inducement for referral of settlement services business, HUD [CFPB] will consider all of the following questions EXCEPT:

Select the correct answer(s).

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322566

120

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If the referral takes place over the phone, the Affiliated Business Disclosure information must be communicated orally by the person making the referral, with written disclosure made within___ business days following the phone referral.

Select the correct answer(s).

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322568

120

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Under RESPA Statement of Policy 1996-4, where title insurers maintain title plants and sell title evidence to their title insurance agents, the title company may charge agents fee for title evidence that is:

Select the correct answer(s).

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322569

120

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Under RESPA Statement of Policy 1996-4, if the title insurer provides its agents with "part time examiners" who are under the management control of the insurer, HUD may scrutinize the level of agent compensation from the insurer to determine that:

Select the correct answer(s).

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322576

120

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With respect to state laws that are inconsistent with RESPA regulations:

Select the correct answer(s).

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322587

120

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Under RESPA, when a person in a position to refer settlement services business receives a payment for providing additional services as part of a real estate transaction, such payment must be for services that are all of the following EXCEPT:

Select the correct answer(s).

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322592

120

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Section 8 of RESPA permits a payment by title company to its duly appointed agent for:

Select the correct answer(s).

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322603

120

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Under RESPA, when a thing of value is received repeatedly and is connected in any way with the ___, the receipt of the thing of value is evidence that it is made pursuant to an agreement or understanding for the referral of business.

Select the correct answer(s).

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322620

120

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Under RESPA Statement Policy 1996-4, if a title agent obtains third party services [such as the title search or examination of title] and does not add additional value to the service provided, but increases the charge to the consumer for that service and retains the difference, HUD views the amount that the agent retains as:

Select the correct answer(s).

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322622

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RESPA Section 3500.14 regarding Section 8 violations prohibits all the following EXCEPT:

Select the correct answer(s).

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322623

120

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RESPA Section 3500.15(b) sets out three conditions of the controlled [affiliated] business arrangement exception. Which of the following is NOT one of those provisions?

Select the correct answer(s).

(0/0)

322624

120

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Disclosure of an affiliated business arrangement must include all of the following EXCEPT:

Select the correct answer(s).

(0/0)

322626

120

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In RESPA enforcement cases involving affiliated business arrangements created by two existing settlement service providers, HUD [CFPB] considers whether the entity receiving referrals of business is a bona fide provider of settlement services. Which of the following factors is NOT included in [CFPB's] review of the new entity?

Select the correct answer(s).

(0/0)

322628

120

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In MOST states, services to be performed by the title agent or agency, to be entitled to receive or retain a significant portion of the title premium, must include the assumption of liability for services rendered. Such core title services include all of the following EXCEPT:

Title 3

Question 1 of 1

Time Left

Regarding affiliated business arrangements, when assessing whether a payment is a return on ownership interest or an inducement for referral of settlement services business, HUD [CFPB] will consider all of the following questions EXCEPT:

Select the correct answer(s).

(0/0)

If the referral takes place over the phone, the Affiliated Business Disclosure information must be communicated orally by the person making the referral, with written disclosure made within___ business days following the phone referral.

Select the correct answer(s).

(0/0)

Under RESPA Statement of Policy 1996-4, where title insurers maintain title plants and sell title evidence to their title insurance agents, the title company may charge agents fee for title evidence that is:

Select the correct answer(s).

(0/0)

Under RESPA Statement of Policy 1996-4, if the title insurer provides its agents with "part time examiners" who are under the management control of the insurer, HUD may scrutinize the level of agent compensation from the insurer to determine that:

Select the correct answer(s).

(0/0)

With respect to state laws that are inconsistent with RESPA regulations:

Select the correct answer(s).

(0/0)

Under RESPA, when a person in a position to refer settlement services business receives a payment for providing additional services as part of a real estate transaction, such payment must be for services that are all of the following EXCEPT:

Select the correct answer(s).

(0/0)

Section 8 of RESPA permits a payment by title company to its duly appointed agent for:

Select the correct answer(s).

(0/0)

Under RESPA, when a thing of value is received repeatedly and is connected in any way with the ___, the receipt of the thing of value is evidence that it is made pursuant to an agreement or understanding for the referral of business.

Select the correct answer(s).

(0/0)

Select the correct answer(s).

(0/0)

RESPA Section 3500.14 regarding Section 8 violations prohibits all the following EXCEPT:

Select the correct answer(s).

(0/0)

RESPA Section 3500.15(b) sets out three conditions of the controlled [affiliated] business arrangement exception. Which of the following is NOT one of those provisions?

Select the correct answer(s).

(0/0)

Disclosure of an affiliated business arrangement must include all of the following EXCEPT:

Select the correct answer(s).

(0/0)

Select the correct answer(s).

(0/0)

In MOST states, services to be performed by the title agent or agency, to be entitled to receive or retain a significant portion of the title premium, must include the assumption of liability for services rendered. Such core title services include all of the following EXCEPT:

Select the correct answer(s).

(0/0)

The Affiliated Business Disclosure Statement must be given to the consumer

Select the correct answer(s).

(0/0)

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