A creditor or servicer of a home loan shall send an accurate payoff balance within a reasonable time, but in no case more than 7 business days, after the receipt of a written request for such balance from or on behalf of the borrower. 15 U.S.C. § 1639g Pub. L. 90-321, title I, §129G, as added Pub. L. 111-203, title XIV, §1464(b), July 21, 2010, 124 Stat. 2184. STATUTORY NOTES AND RELATED SUBSIDIARIES EFFECTIVE DATESection effective on the date on which final regulations implementing such section