Section 9 Of Respa
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Respa section 8 which prohibits giving or receiving a thing of value in exchange for the referral of settlement service business gets lots of industry attention.
Section 9 of respa. Section 9 of the real estate settlement procedures act respa 12 u s c. Section 9 of respa 12 u s c. 2608 provides as follows.
Thursday august 13 2020. Buyers may sue a seller who violates this provision for an amount equal to three times all charges made for the title insurance. Section 9 of the real estate settlement procedures act respa january 21 2010 as the practice of sellers attempting to direct placement of title insurance is again becoming prevalent judicial would like to remind you of the following.
No seller of property that will be purchased with the assistance of a federally related mortgage loan shall require directly or indirectly as a condition to selling the property that title insurance covering the property be purchased by the buyer from any particular title company.
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