The homeowner sends a letter to their mortgage lender disputing the loan and notifying them of their intent to file a legal action within 30 days, citing violations of federal and state laws including TILA and RESPA. The homeowner requests documentation related to the origination of the mortgage and notifies the lender that the security interest in the property is now void per the notice. The homeowner also requests the identity of the true note holder pursuant to TILA requirements.
The homeowner sends a letter to their mortgage lender disputing the loan and notifying them of their intent to file a legal action within 30 days, citing violations of federal and state laws including TILA and RESPA. The homeowner requests documentation related to the origination of the mortgage and notifies the lender that the security interest in the property is now void per the notice. The homeowner also requests the identity of the true note holder pursuant to TILA requirements.
The homeowner sends a letter to their mortgage lender disputing the loan and notifying them of their intent to file a legal action within 30 days, citing violations of federal and state laws including TILA and RESPA. The homeowner requests documentation related to the origination of the mortgage and notifies the lender that the security interest in the property is now void per the notice. The homeowner also requests the identity of the true note holder pursuant to TILA requirements.
P Bo! ""0"#$ Da%%as, &' ()2"" Home *ner Loan +um,er: 8(102(10( Pro-erty A..ress: Home o*ner/s a..ress Dear 0a.am or Sir: &his corres-on.ence *i%% serve to memoria%i1e my 2hereina3ter 4Borro*er56 .is-ute *ith the a,ove re3erence. mortgage %oan through your o33ice, an. as +otice o3 my 7ntent to 3i%e %ega% action -ursuant to 8eorgia Co.e 9:: *ithin ;0 .ays 3rom this .ate: <urther this notice *i%% serve as a notice to rescin. the a,ove re3erence. mortgage %oan ,ase. on your vio%ations o3 each o3 the 3o%%o*ing 3e.era% an. state %a*s, inc%u.ing, ,ut not %imite. to, the &ruth in Len.ing Act =4&7LA>5 an. ?ea% @state Sett%ement Proce.ures Act =4?@SPA5>, Ca%i3ornia An3airBDece-tive Business Practices Act, Breach o3 <u.iciary Duty, Breach o3 the 7m-%ie. Covenant o3 8oo. <aith an. <air Dea%ing, Civi% Co.e9:, an. others: P%ease ,e a.vise. that the security interest in the a,ove re3erence. -ro-erty is no* voi. -er this notice, an. you have t*enty =20> .ays to return a%% -ayments ma.e on this %oan an. to .o your -art to terminate the security interest in this home: A-on com-%iance *ith the a,ove, *e *i%% ,e contacting you to .iscuss the ten.er o3 the re.uce. -ayo33 amount su,Cect to o33set a%% .amages an. costs: VIOLATION OF TRUTH IN LENDING ACT (TILA) &he -ur-ose o3 &7LA is 4to ensure meaning3u% .isc%osure o3 cre.it terms to ena,%e consumers to ,e in3orme. a,out the cost o3 %oans an. to com-are the cre.it o-tions avai%a,%e to them:5 73 the interest rate is not 3i!e., then the &ruth in Len.ing Disc%osure Statement must in3orm the ,orro*er o3 the varia,%e rate 3eature o3 the %oan: A..itiona%%y, 3e.era% courts have he%. that 4a mis%ea.ing .isc%osure is as much a vio%ation o3 &7LA as a 3ai%ure to .isc%ose at a%%5 S-eci3ica%%y, 7 am *riting to reDuest co-ies o3 a%% .ocuments -ertaining to the origination o3 the mortgage inc%u.ing: ESett%ement Statement HADF1 EA--raisa% ELoan A--%ication EA%% ?ight to Cance% <orms EA%% 8oo. <aith @stimates ECommitment Letter <HA 0ortgage 7nsurance Certi3icate E<@0A <%oo. +oti3ication EHa1ar.B<%oo. Po%icy EA?0 Program Disc%osure ECHA?0 BooG%et E&it%e Commitment E<irst Payment Letter EA.verse +otice EPurchase Agreement EBuy.o*n Agreement E0ortgage BroGer AgreementEPrivacy Po%icy ECre.it Documents EA%% State S-eci3ic Disc%osures EC%osing 7nstructions ELocG 7n agreement ESection ;2 Disc%osures E+ote E0ortgageBDee. o3 &rust EA%% &ruth 7n Len.ing Disc%osure Statements EH@LC Agreement H Disc%osures EPrivate 0ortgage 7nsurance Certi3icate EAsset Ieri3ication Documentation E7ncome Ieri3ication Documentation E8i3t <un. %etters an. veri3ication E7temi1ation o3 Amount <inance. ES-ecia% 7n3ormation BooG%et on C%osing Costs EContro%%e. Business Arrangement Disc%osure EA co-y o3 the %oan history inc%u.ing a%% -ayments ma.e, a%% 3ees incurre., *hat has ,een -ai. out o3 the escro* account, an. ho* a%% -ayments *ere a--%ie.: &his in3ormation shou%. cover the entire %i3e o3 the %oan: A..itiona%%y, this %etter sha%% serve as my *ritten reDuest un.er &7LA 1) ASC 1"$1=3>=2>, *hich man.ates that you, as the servicer, -rovi.e me the i.entity o3 the true note ho%.er, inc%u.ing their name, a..ress an. te%e-hone num,er o3 the o*ner o3 this o,%igation: &he reason 3or o,taining this in3ormation is to assure that the terms an. con.itions are reasona,%e an. a33or.a,%e throughout the term o3 the %oan an. that 7 *as not a victim o3 -re.atory %en.ing an.Bor servicing -ractices: Jou shou%. ,e a.vise. that you must acGno*%e.ge recei-t o3 this Dua%i3ie. *ritten reDuest *ithin 20 ,usiness .ays, -ursuant to 12 A:S:C: Section 2"0)=e>=1>=A> an. ?eg: ', Section ;)00:21=e>=1>: &hanG you in a.vance 3or taGing the time to acGno*%e.ge an. ans*er this reDuest as reDuire. ,y the ?ea% @state Sett%ement an. Proce.ures Act =section 2"0)=e>>: Sincere%y,