Compliance With RESPA Section 8: The Current State of Play

47 minute watch | February.06.2019

The standards for compliance with Section 8 of the Real Estate Settlement Procedures Act remain unsettled in the wake of the PHH decision and changes in CFPB leadership. The rules themselves have not changed, but the slowing pace of enforcement actions has encouraged some participants in the highly competitive mortgage marketplace to consider an aggressive approach to what they can and cannot do. Orrick discussed how compliance professionals can navigate Section 8 in a world where "everyone else is doing it." Topics included marketing services agreements, joint advertising, lead generation, portfolio retention, and the CFPB's process for no-action letters.

Webinar filmed prior to the combination of Buckley and Orrick in 2023.

The information contained herein is for informational purposes only, does not constitute legal advice, and does not necessarily reflect the opinions of Orrick or any of its attorneys or clients. This presentation is not intended to create, and does not create, an attorney-client relationship between you and Orrick, or any of the presenters, and you should not act or rely on any information in this presentation without consulting legal counsel. The information contained in this presentation may or may not reflect the most current legal developments. Accordingly, information in this presentation is not promised or guaranteed to be correct or complete, and it should not be considered an indication of future results. Orrick expressly disclaims all liability in respect to actions taken or not taken based on any or all of the contents of this presentation.