Within how many days after receipt of a written request must the holder of a mortgage deliver an estoppel letter?

The appropriate timeframe for the holder of a mortgage to deliver an estoppel letter upon receiving a written request is specified by Florida law. Under Florida Statutes, the mortgage holder is required to respond within 14 days. This requirement ensures that borrowers and interested parties have timely access to crucial information regarding the status of the mortgage, which is essential for transparency in financial transactions and for anyone involved in potential refinancing, purchasing, or managing property.

The specified 14-day response time reflects a balance between the needs of the requester for prompt information and the reasonable timeframe for the mortgage holder to compile the information necessary to issue an accurate estoppel letter. Understanding this timeframe is vital for those working in real estate transactions or title insurance, as it affects the timeliness and efficiency of closing processes and other related financial dealings.