Most people do not do anything and the banks know it. It probably costs less to ignore you and gamble to see if you have the wherewithal to bring a lawsuit against them.I've been reading on other threads that people are not getting responses to their QWR's.
Does anyone know what the teeth in the law are if you don't get a response?
Per RESPA LAW:
You may bring a private right of action under Section 6, if you suffer damages due to the lender's servicing of the loan. See the RESPA statute and regulations.
Great plan.My twenty working days is up next week (I miscalculated before). If they don't respond, I want to be ready.
I do hope they respond, but if they don't I'm thinking I will:
1. Send another letter with the QWR attached.
2. Send the letter, QWR and a complaint to my State Attorney General (the banks are already on his radar)
3. Send the above to jamie dimon and david lowman
Go to court and sue them.What else can a person do if the QWR isn't responded to?
RESPA Complaints and Enforcement
Persons who believe a settlement service provider has violated RESPA may wish to file a complaint. For details on how to file a RESPA complaint with HUD, see File a Complaint: Department of Housing and Urban Development (HUD).
HUD, a State Attorney General or State insurance commissioner may bring an injunctive action to enforce violations of Section 6, 8 or 9 of RESPA within three (3) years. Under Section 10, HUD has authority to impose a civil penalty on loan servicers who do not submit initial or annual escrow account statements to borrowers.
Individuals have one (1) year to bring a private lawsuit to enforce violations of Section 8 or 9. A borrower may bring a private lawsuit, or a group of borrowers may bring a class action suit, within three years, against a servicer who fails to comply with Section 6's provisions. Lawsuits for violations of Section 6, 8, or 9 may be brought in any federal district court in the district in which the property is located or where the violation is alleged to have occurred.