Is giving a "referral fee" to an existing customer (through a marketing/promotional offer) of a bank for referring someone to the bank for a mortgage a violation of RESPA Sect. 8? The referring customer is not in anyway connected to a settlement service required by the bank and the new mortgage customer would receive the same dollar value through a reduction of closing costs. The referral fee is paid by the bank with no cost to the borrower and the borrower would be fully aware of the referral fee paid to the existing customer. Is a customer referring someone to a bank for a mortgage considered a settlement service?
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