May a servicer refuse to credit a payment on the day received because a late fee is unpaid?

A Yes, because a payment that leaves the account short of the total amount owed is by definition not a full payment of the sum due B No, if the payment covers principal, interest and escrow C Yes, for up to five business days D Yes, provided the servicer holds the funds in a suspense account and tells the consumer on the next periodic statement

I'm not sure about this one

0 answered · 10 to go · untimed