Title 15, Commerce and TradeRelease 119-102
§1639g Requests for Payoff Amounts of Home Loan
Title 15 › CHAPTER 41 — CONSUMER CREDIT PROTECTION › SUBCHAPTER I — CONSUMER CREDIT COST DISCLOSURE › Part B — Credit Transactions › § 1639g
Summary
Lenders must send an accurate payoff within 7 business days of a written request by/for the borrower.
Full Legal Text
Title 15, §1639g
Commerce and Trade, Source: USLM XML via OLRC
A creditor or servicer of a home loan shall send an accurate payoff balance within a reasonable time, but in no case more than 7 business days, after the receipt of a written request for such balance from or on behalf of the borrower.
Legislative History
Notes & Related Subsidiaries
Statutory Notes and Related Subsidiaries
Effective Date
Section effective on the date on which final
Regulations
implementing such section take effect, or on the date that is 18 months after the designated transfer date if such
Regulations
have not been issued by that date, see section 1400(c) of Pub. L. 111–203, set out as an
Effective Date
of 2010 Amendment note under section 1601 of this title.
Reference
Citations & Metadata
Citation
15 U.S.C. § 1639g
Title 15, Commerce and Trade
Last Updated
Aug 21, 2026
Release point: 119-102