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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
Giải thích
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.
Trích dẫn luật: RESPA / Regulation XLuyện miễn phí toàn bộ 400 câu hỏi — không cần đăng ký.
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