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Home / Opinion Digests / Loan service company must make tax payment under RESPA (access required)

Loan service company must make tax payment under RESPA (access required)

Where one company received escrow funds for a tax payment to be made on behalf of a borrower, and the servicing rights were transferred in the window between the borrower’s payment to escrow and the tax’s due date, the Real Estate Settlement Procedures Act of 1974, or RESPA, required the company servicing the loan at ...