Hi everyone, I think this is a state law issue, but I haven't been able to find any guidance.

If the bank allows a customer to change their payment date from the 1st to the 15th of the month, should the bank also change the maturity date of the loan?

We do not allow payment due date changes on any consumer or commercial real estate loans, but we do allow payment due date changes on non-real estate consumer and commercial loans.

Any thoughts, comments or suggestions are greatly appreciated.

You can modify the loan in any manner that is supported by your modification agreement - payment dates, maturity date, payment amounts, interest rates, etc. One or all if you want to and the consumer agrees.

Thank you!