A lender encourages a borrower who receives a federally related mortgage loan from it to employ an
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Question:
A lender encourages a borrower who receives a federally related mortgage loan from it to
employ an attorney to perform the title searches and related settlement services in connection
with their transaction. The lender and the attorney have an understanding that in return for the
referral of this business, the attorney provides legal services to the lender, or the lender's
officers or employees at abnormally low rates or for no charge.
Is this a violation or not? Discuss
Related Book For
Auditing a business risk appraoch
ISBN: 978-0324375589
6th Edition
Authors: larry e. rittenberg, bradley j. schwieger, karla m. johnston
Posted Date: