I'm wondering if you can tell me what is the maximum amount of time that a bank has to hold onto a mortgagestatement. I am trying to get a statement from my mortgage bank and they tell me they can't do it.
Your mortgage agreement with your lender may define what they will provide. We're not sure what a "mortgage statement" is. Generally speaking a lender will provide monthly coupons or a coupon book so you can keep up with payments, and they can more easily apply the incoming payments, but this isn't "required" by any federal law. The Real Estate Settlement Procedures Act does require that the company servicing your mortgage loan reply within 20 business days to a written request for information about your loan, and at least annually, you should receive an escrow statement if your mortgage loan has escrows on it.
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Your mortgage agreement with your lender may define what they will provide. We're not sure what a "mortgage statement" is. Generally speaking a lender will provide monthly coupons or a coupon book so you can keep up with payments, and they can more easily apply the incoming payments, but this isn't "required" by any federal law. The Real Estate Settlement Procedures Act does require that the company servicing your mortgage loan reply within 20 business days to a written request for information about your 