Section 6529 Of Article 1. General Powers From California Financial Code >> Division 2. >> Chapter 4. >> Article 1.
6529
. (a) No affiliated person of a savings association may
receive, either directly or indirectly, from the association, a
subsidiary thereof, or any other source any fee or other compensation
of any kind in connection with the procurement of a loan from that
association or subsidiary.
(b) No savings association shall give and no person shall accept
any fee, kickback, or thing of value pursuant to any agreement or
understanding, oral or otherwise, that business incident to or part
of a real estate closing service shall be referred to any person by
the savings association or by a subsidiary or affiliated person
thereof, in connection with any loan on real property made by a
savings association or subsidiary thereof.
(c) Other than for services actually performed, no person shall
give and no savings association or subsidiary or affiliated person
thereof shall accept any portion, split, or percentage of any charge
made or received for the rendering of a real estate closing service
in connection with a transaction involving a loan on real property
made by a savings association or subsidiary thereof.
(d) For purposes of subdivisions (b) and (c), "real estate closing
service" includes any service provided in connection with the
execution of a real estate escrow transaction, including, but not
limited to, title searches, title examinations, the provision of
title reports, title insurance, services rendered by an attorney, the
preparation of documents, property surveys, the rendering of credit
reports or appraisals, pest and fungus inspections, services rendered
by a real estate licensee, and the handling of the processing.