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#1359451 - 03/17/10 09:09 PM right to cure letter for deposit account?
sbest Offline
New Poster
Joined: Feb 2010
Posts: 4
Iowa
Our vice president made a request for a right to cure letter for an overdrawn deposit account. Are there any out there, or is a right to cure letter for a deposit account not allowed under Iowa Law? We have been requested to send one to the customer's attorney.

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#1442887 - 09/14/10 07:43 PM Re: right to cure letter for deposit account? sbest
SLBanker Offline
New Poster
Joined: Jun 2007
Posts: 7
You are not required to send a right to cure on a checking account overdraft since it is not considered a consumer loan. You are not required to send it but you can if you wish.
Last edited by SLBanker; 09/14/10 07:44 PM.
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