Under RESPA, what is the maximum monetary penalty that can be imposed for a violation?

Under RESPA, what is the maximum monetary penalty that can be imposed for a violation?

• A. $10,000
• B. $1,000
• C. $5,000
• D. $50,000

Answer: (A)

The key idea here is RESPA’s civil-penalty limit. For a single violation of RESPA, the penalty can be up to ten thousand dollars. This cap helps enforce compliance in real estate settlement practices while keeping penalties proportionate to the violation. A violation is treated as a discrete occurrence, so if there are multiple separate violations, each can carry its own up-to-ten-thousand-dollar penalty. The other dollar amounts don’t reflect this per-violation cap.

The key idea here is RESPA’s civil-penalty limit. For a single violation of RESPA, the penalty can be up to ten thousand dollars. This cap helps enforce compliance in real estate settlement practices while keeping penalties proportionate to the violation. A violation is treated as a discrete occurrence, so if there are multiple separate violations, each can carry its own up-to-ten-thousand-dollar penalty. The other dollar amounts don’t reflect this per-violation cap.