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#2244118 - 10/15/20 08:24 PM FCRA or Error Resolution under RESPA
Likes to Comply Offline
Diamond Poster
Joined: Nov 2008
Posts: 1,107
In the mountains
We received a written letter directly from a consumer about her consumer closed end loan secured by her primary residence and three other consumer loans she was a joint borrower on. She stated that she recently pulled her credit report and that we had reported her 30 days late on the various loans, but that she was never late. She also claimed that we had not given her the notice of negative information under FCRA.

We provided her a spreadsheet of the due date, the payment date and number of days late for each of the loans in question for each of the times she was late. We also provided her a copy of every late payment notice ever mailed to her that included the negative information disclosure.

She later said we did not provide sufficient evidence, so we provided her more documentation. There were no errors in our reporting.

We handled the response according to FCRA requirements. Since one of the loans was secured by a consumer closed end primary residence, should it have also met the requirements under RESPA notice of error rules?
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#2244194 - 10/16/20 09:07 PM Re: FCRA or Error Resolution under RESPA Likes to Comply
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 83,225
Galveston, TX
I would think so - yes
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