Stockton California Qualified Written Request under Section 6 of the Qualified Written Request under Section 6 of the Real Estate Settlement Procedures Act - RESPA

State:
Multi-State
City:
Stockton
Control #:
US-01823BG
Format:
Word; 
Rich Text
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Description

12 USC 2605(e) creates a duty of a loan servicer to respond to the inquiries of borrowers regarding loans covered by RESPA. If the borrower believes there is an error in the mortgage account, he or she can make a "qualified written request" to the loan servicer. The request must be in writing, identify the borrower by name and account, and include a statement of reasons why the borrower believes the account is in error. The request should include the words "qualified written request". It cannot be written on the payment coupon, but must be on a separate piece of paper. The Department of Housing and Urban Development provides a sample letter.


The servicer must acknowledge receipt of the request within 20 days. The servicer then has 60 days (from the request) to take action on the request. The servicer has to either provide a written notification that the error has been corrected, or provide a written explanation as to why the servicer believes the account is correct. Either way, the servicer has to provide the name and telephone number of a person with whom the borrower can discuss the matter.

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FAQ

Stockton is known for being home to the oldest university in California, the University of The Pacific. With the low cost of living (compared to other areas in California) and being a family-friendly city, Stockton is a great place to live. Where Is Stockton?

Founded in 1849 and incorporated in 1850, the City of Stockton is one of the oldest incorporated cities in California.

Stockton The violent crime rate in Stockton is 1,397 per 100,000 people. There are approximately 34 murders, 181 rapes, 1,158 robberies, and 3,007 aggravated assaults annually in Stockton.

Crime and high cost of living are two of the biggest drawbacks to living in Sacramento. Although not as high as Stockton's crime rates, the crime rate in Sacramento is 46 percent above the national average. Violent crime is 76 percent above the national average in Sacramento.

In 2021, there were 1.13 times more Asian (Non-Hispanic) residents (65.1k people) in Stockton, CA than any other race or ethnicity. There were 57.5k White (Non-Hispanic) and 53.6k White (Hispanic) residents, the second and third most common ethnic groups. 44.9% of the people in Stockton, CA are hispanic (143k people).

Home to California's oldest university. In 1851, University of the Pacific became California's first chartered institution of higher education.

In 2018, Stockton ? whose roughly 310,000 residents were 42% Hispanic, 24% Asian, 19% non-Hispanic white and 13% black ? was the most racially diverse large city in America, ing to a U.S. News analysis based on recent census data.

Stockton is in San Joaquin County. Living in Stockton offers residents a dense suburban feel and most residents own their homes. In Stockton there are a lot of parks. Many families live in Stockton and residents tend to lean liberal.

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Stockton California Qualified Written Request under Section 6 of the Qualified Written Request under Section 6 of the Real Estate Settlement Procedures Act - RESPA