Question

What are the penalties for violations under Section 6 of RESPA?

1) Fines up to $10,000 per violation
2) Imprisonment for up to one year
3) Both A and B
4) None of the above

Answer 1

Violations under Section 6 of RESPA can result in fines up to $10,000 per violation and/or imprisonment for up to one year, making the correct answer to the penalties 'Both A and B'.

Step-by-step explanation:

The penalties for violations under Section 6 of the Real Estate Settlement Procedures Act (RESPA) can include fines and imprisonment. Specifically, a violator may be subjected to a fine of up to $10,000 per violation and/or imprisonment for up to one year. Therefore, the correct answer to what the penalties are for violations under Section 6 of RESPA is option 3) Both A and B.