Steve Evanto v. Federal National Mortgage Association

WILLIAM PRYOR, Circuit Judge:

This appeal requires us to decide whether an assignee can be held liable under the Truth in Lending Act for a servicer’s failure to provide the borrower with a payoff balance. Steve Evanto sued the assignee of his mortgage after his servicer failed to provide a payoff balance. The Act creates a cause of action against an assignee for a violation that is “apparent on the face of the disclosure statement provided in connection with [a mortgage] transaction pursuant to this subchapter.” 15 U.S.C. § 1641(e)(1)(A). Because the failure to provide a payoff balance is not…