Thing of value. This term is broad- ly defined in section 3(2) of RESPA (12 630 VerDate Sep<11>2014 10:34 Feb 09, 2023 Jkt 259042 PO 00000 Frm 00640 Fmt 8010 Sfmt 8010 Q:\12\12V8.TXT PC31 Bur. of Consumer Financial Protection § 1024.14 U.S.C. 2602(2)). It includes, without lim- itation, monies, things, discounts, xxxx- xxxx, commissions, fees, duplicate pay- ments of a charge, stock, dividends, distributions of partnership profits, franchise royalties, credits rep- resenting monies that may be paid at a future date, the opportunity to partici- xxxx in a money-making program, re- tained or increased earnings, increased equity in a parent or subsidiary entity, special bank deposits or accounts, spe- cial or unusual banking terms, services of all types at special or free rates, sales or rentals at special prices or rates, lease or rental payments based in whole or in part on the amount of business referred, trips and payment of another person’s expenses, or reduction in credit against an existing obliga- tion. The term ‘‘payment’’ is used throughout §§ 1024.14 and 1024.15 as syn- onymous with the giving or receiving of any ‘‘thing of value’’ and does not require transfer of money.
Thing of value. This term is broad- ly defined in section 3(2) of RESPA (12 Bur. of Consumer Financial Protection § 1024.14 U.S.C. 2602(2)). It includes, without lim- itation, monies, things, discounts, xxxx- xxxx, commissions, fees, duplicate pay- ments of a charge, stock, dividends, distributions of partnership profits, franchise royalties, credits rep- resenting monies that may be paid at a future date, the opportunity to partici- xxxx in a money-making program, re- tained or increased earnings, increased equity in a parent or subsidiary entity, special bank deposits or accounts, spe- cial or unusual banking terms, services of all types at special or free rates, sales or rentals at special prices or rates, lease or rental payments based in whole or in part on the amount of business referred, trips and payment of another person’s expenses, or reduction in credit against an existing obliga- tion. The term ‘‘payment’’ is used throughout §§ 1024.14 and 1024.15 as syn- onymous with the giving or receiving of any ‘‘thing of value’’ and does not require transfer of money.
