Eleventh Circuit Holds That Servicer’s Conclusory Response to Borrower’s Request May Have Violated RESPA

The United States Court of Appeals for the Eleventh Circuit recently held that a loan servicer may have violated the Real Estate Settlement Procedures Act (“RESPA”) for responding to a borrower’s qualified written request regarding an alleged error in her account only by informing the borrower that there had been no error and without providing any further information. 

New Jersey Appellate Division Holds That Four-Year Statute of Limitations Applies to Actions to Collect Debts from Retail Store Credit Cards

The New Jersey Appellate Division recently held that the six-year breach of contract statute of limitations does not apply to actions to collect debts arising from the use of a retail store’s credit card when the use of the card is restricted to that store and, instead, the Uniform Commercial Code’s four-year sale of goods statute of limitations applies.