Judge Says Line Of Credit Protests Weren't Qualified Written Requests

Judge Says Line Of Credit Protests Weren't Qualified Written Requests

CHICAGO - A federal judge in Illinois on July 19 dismissed a suit in which a borrower alleged that he protested his lowered line of credit, finding that because the borrower's letters do not qualify as a qualified written request (QWR), a bank had no response requirements under 12 U.S. Code Section 2605(e) (Bruce Todd v. ShoreBank, No. 12-6575, N.D. Ill.; 2013 U.S. Dist. LEXIS 100962).

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