A title insurer or other person shall not give or receive, directly or indirectly, any consideration for the referral of title insurance business or escrow or other service provided by a title insurer. This section does not affect a title insurer’s ability to pay consideration to persons or entities who provide core services, as defined by the Real Estate Settlement Procedures Act (RESPA), 12 U.S.C. § 2607, as amended.
R.I. Gen. Laws § 27-2.6-14
Prohibition of rebate and fee splitting
Known as the Rhode Island Title Insurers Act
The act spans §§ 27-2.6-1 to 27-2.6-9 (21 sections).
P.L. 2010, ch. 58, § 1; P.L. 2010, ch. 66, § 1.
Official source: Rhode Island General Assembly. Reproduced from public-domain Rhode Island statutes; confirm against the official source for the current text. Not legal advice.