A disclosure specialist compares the file facts with RESPA Servicing Requirements during a borrower follow-up call. Which conclusion is accurate?
Correct Answer
D) Give the AFBA disclosure and avoid required use
RESPA/Regulation X limits referral value and sets servicing disclosure and response duties. The best answer is "Give the AFBA disclosure and avoid required use".
Why This Is the Correct Answer
RESPA/Regulation X limits referral value and sets servicing disclosure and response duties. The best answer is "Give the AFBA disclosure and avoid required use".
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A processor asks how to handle a file where a borrower sends a written request for information to the servicer-designated address. Which response is most accurate?