RESPA Servicing Quick Quiz

Receiving payments from a borrower and making payments to the owner of the loan or other third parties (correct)

Receiving payments from a borrower and keeping the money

Receiving payments from a borrower and investing the money

Receiving payments from a borrower and using the money for personal expenses

Making payments to the borrower (correct)

Keeping the money received from the borrower

Investing the money received from the borrower

Using the money received from the borrower for personal expenses

Payments for the borrower's personal expenses

Payments to the servicer's family members

Payments for the borrower's insurance premiums (correct)

Payments for the servicer's vacation expenses