(2) Bankruptcy notices. The statement that is periodic include the annotated following:
(i) a declaration determining the buyer’s status as being a debtor in bankruptcy or the discharged status associated with home loan; and
(ii) a declaration that the statement that is periodic for informational purposes just.
(3) Chapter 12 and chapter 13 consumers. As well as virtually any provisions for this paragraph (f) which could apply, pertaining to a mortgage loan which is why any consumer with main obligation is just a debtor in a chapter 12 or chapter 13 bankruptcy instance, certain requirements with this area are susceptible to listed here customizations:
1. Pre-petition re re payments and post-petition re re payments. I. For purposes of § f that is 1026.41(3), pre-petition payments are payments designed to cure the customer’s pre-bankruptcy defaults, and post-petition re re payments are re re payments designed to fulfill the real estate loan’s regular re payments while they come due after the bankruptcy situation is filed. For instance, assume a customer is $3,600 in arrears as of the bankruptcy filing date on home financing loan needing month-to-month regular payments of $2,000. Read more