Dodd Frank Act Response Time

Summary

Servicers must acknowledge a qualified written request under the Dodd-Frank Act and RESPA within 5 business days and respond within 30 business days. Its advisable to CC all relevant parties, including servicers, law firms, and attorneys, when sending requests under the Dodd-Frank Act and the Fair Debt Collection Practices Act to ensure clear communication and record-keeping.

Full Conversation

When requesting information under the Dodd frank act are they supposed to respond within * business days as required by respa
Under the Dodd-Frank Act and the Real Estate Settlement Procedures Act (RESPA), servicers must acknowledge receipt of a qualified written request (QWR) within * business days and respond within * business days.
Is there a specific issue you're facing with a servicer's response time?
Not yet, I want to be prepared
Hi ****! Yes, under the Dodd-Frank Act and RESPA, servicers must respond to a qualified written request within * business days. It's great to be prepared. Do you have any other questions regarding this or any other legal matters?
Yes, When serving the servicer, the Law firms, and the attorneys involved for the fair debt collection act, the QWR and for the Dodd frank act should I CC those organizations along with the original requests for information?
Hi ****! It's generally a good practice to CC all relevant parties, including servicers, law firms, and attorneys, when sending QWRs under the Dodd-Frank Act and the Fair Debt Collection Practices Act. This ensures all parties are informed and there's a clear record of communication.
Do you have any other questions or need further assistance?