David Reed

David Reed

Ballard Spahr LLP

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Assignee Not Liable Under TILA for Mortgage Servicer's Failure to Provide Payoff Statement, 11th Circuit Holds

The assignee of a residential mortgage loan is not liable under the Truth In Lending Act (TILA) for a loan servicer's failure to timely provide a payoff demand, the 11th Circuit recently held. TILA requires that a mortgage...more

3/21/2016  /  Assignees , Failure To Respond , Mortgage Lenders , Mortgages , Statement of Information , Truth in Lending Act (TILA)
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