No, your lender is required pursuant to The Real Estate Settlement Procedures Act, to respond to any inquiries or disputes you might have with your loan. The borrower is also allowed to challenge the amount of the claimed default during the three year statute of limitations. The lender cannot ignore your requests they are mandated to respond with a specific time period. The time period is triggered by a valid Qualified Written Request.
For more information:
Visit us at www.CertifiedForensicLoanAuditors.com
