When you envision the consequences of a RESPA violation, prison time may not be the first thing you consider. Instead, you may be worrying about the hefty fines the Consumer Financial Protection Bureau (CFPB) can dole out for violations of federal consumer protection laws. Indeed, civil penalties are certainly nothing to scoff at. With the ability to fine a company up to $1 million a day, the CFPB has the power to stop a business in its tracks.
It’s important to recognize, however, that monetary penalties are not the only concern. Jail time could also result from certain RESPA violations.
First, consider Section 8 of RESPA. This section contains the prohibitions against kickbacks and unearned fees
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