Thread Options
#1264448 - 10/09/09 02:12 PM Reg Z and Payoff Statements
JoAnne Offline
Platinum Poster
Joined: Feb 2001
Posts: 795
Michigan
Reg Z 226.36(c)(1)(iii) requires a payoff statement be provided to the consumer within a reasonable time after the request. Does it say anywhere what is required to be on the payoff statement?
_________________________
Opinions posted are not necessarily those of my employer.

Return to Top
Lending Compliance
#1264467 - 10/09/09 02:33 PM Re: Reg Z and Payoff Statements JoAnne
Reads Regs Offline
Diamond Poster
Joined: Nov 2004
Posts: 2,292
No. The Official Staff Commentary to the section you cited says the payoff statement must be accurate when issued but does not detail what must be on the statement.
_________________________
Opinions expressed are my own and not necessarily those of my employer. They are not legal advice.

Return to Top

Moderator:  Andy_Z