Get easy to understand definitions for common mortgage terms from the Mortgage Insider. In our glossary, we define the word, tell you about in industry usage, and usually give an example so you can fully and easily understand not just the meaning but the function of the word.
Kickback
Kickback Defined
A kickback is an “unearned fee” and it is prohibited by Federal law, RESPA Section 12, Chapter 27, Section 2607 which says in part,
“Sec. 2607. Prohibition against kickbacks and unearned fees
(a) Business referrals
No person shall give and no person shall accept any fee, kickback, or thing of value pursuant to any agreement or understanding, [...]
