Federal Mortgage LawsQuestion 16 of 400
After a borrower submits a written qualified written request (QWR) about a servicing error, RESPA requires the servicer to acknowledge receipt within how many business days?
a.3 business days
b.4 business days
c.5 business days
d.20 business days
Explanation
Under RESPA/Regulation X, a servicer must acknowledge a qualified written request within 5 business days of receipt. The servicer then generally must respond substantively within 30 business days. Three and four days are incorrect, and twenty days is not the acknowledgment deadline.
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