A creditor or servicer of a home loan shall send an accurate payoff balance within a reasonable time, but in no case more than 7 business days, after the receipt of a written request for such balance from or on behalf of the borrower.
Structure US Code
CHAPTER 41— CONSUMER CREDIT PROTECTION
SUBCHAPTER I— CONSUMER CREDIT COST DISCLOSURE
§ 1631. Disclosure requirements
§ 1632. Form of disclosure; additional information
§ 1633. Exemption for State-regulated transactions
§ 1634. Effect of subsequent occurrence
§ 1635. Right of rescission as to certain transactions
§ 1637. Open end consumer credit plans
§ 1638. Transactions other than under an open end credit plan
§ 1638a. Reset of hybrid adjustable rate mortgages
§ 1639. Requirements for certain mortgages
§ 1639a. Duty of servicers of residential mortgages
§ 1639b. Residential mortgage loan origination
§ 1639c. Minimum standards for residential mortgage loans
§ 1639d. Escrow or impound accounts relating to certain consumer credit transactions
§ 1639e. Appraisal independence requirements
§ 1639f. Requirements for prompt crediting of home loan payments
§ 1639g. Requests for payoff amounts of home loan
§ 1639h. Property appraisal requirements
§ 1641. Liability of assignees
§ 1642. Issuance of credit cards
§ 1643. Liability of holder of credit card
§ 1644. Fraudulent use of credit cards; penalties
§ 1645. Business credit cards; limits on liability of employees
§ 1646. Dissemination of annual percentage rates; implementation, etc.
§ 1649. Certain limitations on liability
§ 1651. Procedure for timely settlement of estates of decedent obligors