The majority of our loans are setup on recurring ACH debits. Management wants to extend the time we attempt to debit a borrower's account beyond our normal charge-off time (i.e. we CO loans at 90 days past due, and management wants to keep attempting scheduled payment debits until 120 days).
I don't see anything that prohibits this within Reg. E or NACHA, but we are concerned about contract implications.
Does anyone have experience with anything similar?