Letter to Reinstate Default Provisions
[Date]
[Name and address of borrower]
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See section 14.5 in this chapter. |
Re: [describe note and loan documents]
[Salutation]
In the past, you have been delinquent in your monthly payments, and the mortgagee has accepted the late payments without assessing a penalty. Please be advised, however, that all future payments must be received by the due date, or the mortgagee will exercise its rights under the loan documents.
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Include clause 14-7-1 if this is the first correspondence from the attorney to a debtor who is a consumer. See section 14.4:5. |
If you have any questions, please consult your legal counsel.
Sincerely yours,
[Name of attorney]
Certified Mail No. [number]
Return Receipt Requested
c: [name of borrower], by first-class mail