An Illinois buyer who entered into a deed-in-lieu of foreclosure agreement with her servicer filed suit after the company refused to honor the agreement.
Among the allegations in her complaint were violations of RESPA for furnishing adverse information to consumer reporting agencies within 60 days of receiving a notice of error. The servicer claimed that there was not a private right of action for alleged violations of 12 C.F.R. ยง 1024.35, new mortgage servicing amendments promulgated by the Consumer Financial Protection Bureau in October 2016.
Did the district court in Illinois find a private right of action for those violations? Read on for more.
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