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Paying Bank Employees a Referral Fee

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Question: 
Is it a Section 8 violation to pay bank employees a referral commission for secondary market mortgage loan referrals on closed loans?
Answer: 

At this time, it is not. See 3550.14(g)(vii).

First published on BankersOnline.com 7/26/10

First published on 07/26/2010

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Filed under compliance as: 

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