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Irwin Law
Irwin Law, Lawyer
Category: Real Estate Law
Satisfied Customers: 6855
Experience:  Lawyer- Broker 30+years - foreclosure, short sale, liens, title attorney.
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Can mortgage company report me late paying escrow

Customer Question

can mortgage company report me late for short paying escrow
Submitted: 1 year ago.
Category: Real Estate Law
Expert:  Irwin Law replied 1 year ago.

They should not have reported such a small amount to the credit bureau, especially an escrow shortage. There are procedures now where you can correct mistakes in credit reporting on line. See: http://www.myfico.com/crediteducation/rights/fixinganerror.aspx

Customer: replied 1 year ago.
Is there a specific law or reference I may use to defend my position as I have discussed the fact that they "should" not report me late but I want to show them why they do not have a legal right to report me late?
Expert:  Irwin Law replied 1 year ago.

There is no specific laws or credit regulations that go into what may or may not be reported to credit bureaus. All you can do is follow the procedures for having it removed, which I'm sure you already know about. This site may be helpful: https://www.consumer.ftc.gov/articles/pdf-0096-fair-credit-reporting-act.pdf.