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Ripoff Report | US Bank Review - Owensboro, Kentucky - Us bank fee
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Report: #942375

Complaint Review: US Bank - Owensboro Kentucky

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  • Reported By: SGrant — Aiken South Carolina United States of America
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  • US Bank 4801 Federica Street Owensboro, Kentucky United States of America

US Bank Fee for Ending Escrow Withholding Owensboro , Kentucky

*Consumer Comment: Easy answer.

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I attempted to stop escrow withholding on my US Bank serviced loan. The mortgage had been originated by a local bank and sold to US Bank. I was informed that there was a $495 "fee" for "changing" the loan, and stopping escrow was considered a change, and that I had agreed to this when I signed the loan. I have just read the original documents and there is no mention of any such fee. In addition, I had no agreement directly with US Bank. I believe that the two bank employees I spoke with on the phone deliberately gave me false information about my loan. I am wondering if this is a felony?

This report was posted on Ripoff Report on 09/17/2012 10:52 AM and is a permanent record located here: https://www.ripoffreport.com/reports/us-bank/owensboro-kentucky-42301/us-bank-fee-for-ending-escrow-withholding-owensboro-kentucky-942375. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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#1 Consumer Comment

Easy answer.

AUTHOR: Flynrider - (USA)

POSTED: Monday, September 17, 2012

"  I believe that the two bank employees I spoke with on the phone deliberately gave me false information about my loan. I am wondering if this is a felony? "

No, it is not.

Assuming that you could prove deliberation (which would be next to impossible), this wouldn't even qualify as a misdemeanor.  

Your original contract with your local bank is what applies to your loan (unless you signed a new one with U.S. Bank).   If there is no fee for dropping escrow on that contract, they can't charge you.   But, it doesn't have to be stated that specifically.    If there is mention that the bank may charge (non-specific) fees for changes to the loan, it could conceivable be covered under that.  You'll need to carefully read your contract and even then, you might need some professional help to interpret it.

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