There's a process to getting the mortgage payoff statement. First, you'll need to contact your lender and let them know you want the information. Depending on your lender, you may have to sign in to an online account, call a helpline, or send a formal letter to start the request process.

Under federal law, the servicer must generally send you a payoff statement within seven business days of your request, subject to a few exceptions. (12 C.F.R. § 1026.36.)

TILA requires that a mortgage lender or servicer send ''an accurate payoff balance within a reasonable time, but in no case more than seven business days'' after receiving the borrower's request. 15 U.S.C. § 1639g.

Mortgage Payoff Letter Example In Los Angeles

Description

Related forms

Show more info

Form Rating

Form popularity

FAQ

How to request a mortgage payoff letter?

How long does it take to get a payoff letter?

Is a lender required to provide a payoff statement?

Trusted and secure by over 3 million people of the world’s leading companies