Under RESPA, a Kickback occurs when an MLO receives a fee for referring a borrower to a settlement service provider without providing additional services. What is the penalty for a RESPA Section 8 violation?
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A
Warning letter and mandatory training
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B
Fine up to $10,000 and/or up to 1 year imprisonment
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C
License suspension for 30 days
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D
Repayment of the referral fee only