ABRAMS GARFINKEL MARGOLIS BERGSON, LLP
Dynamic Legal Representation for You and Your Business


RESPA Section 8 — Criminal Penalties

Q: In addition to civil penalties, are there criminal penalties for a violation of section 8 of the Real Estate Settlement Procedures Act ("RESPA")?

A: Yes. In short, section 8 of RESPA prohibits anyone from giving or receiving anything of value in exchange for business referrals of settlement services involving a federally related mortgage loan. Section 8 also prohibits fee splitting (when an individual gives or receives any part of a fee received for the rendering of settlement services to another individual which exceeds the fair market value of the services rendered by the recipient).

Penalties for violating section 8 of RESPA include up to $10,000 in fines and/or up to one (1) year in prison.




New York Attorney Advertising: This email is designed for general information only.
The information presented in this email should not be construed to be formal legal advice nor the
formation of a lawyer/client relationship. Prior results do not guarantee a similar outcome.

© Copyright 2016 by Abrams Garfinkel Margolis Bergson, LLP. All rights reserved.
This email is designed and developed by The Public Relations and Marketing Group.
Facebook Twitter LinkedIn Google+ Youtube AGMB, LLP Website Neil Garfinkel Michael Barone Neil Garfinkel E-Mail Michael Barone E-Mail Marie O' Brien Marie O'Brien E-Mail