Sunday, May 5, 2024 | The Latest Buzz for the Appraisal Industry

What is a Qualified Written Request to a Servicer? Two Court Opinions Could Change the Definition

BLOG VIEW: Under RESPA, servicers are required to respond to qualified written requests (QWRs) from borrowers. Regulation X divides these requests into two categories: a request for information (RFI) or notice of error (NOE). Recently one federal appeals court, the US Court of Appeals for the 4th Circuit in Virginia, issued an opinion narrowing the definition of a QWR. Meanwhile, the 9th Circuit is considering a similar issue and is expected to rule on

This post was originally published on this site

TOP RATED PRODUCTS

5/5