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#2248391 - 01/29/21 05:43 PM Rate Change Notice
Poohie Offline
100 Club
Joined: Jan 2006
Posts: 200
USA
After I reduce the interest rate to 6% and forgive the back interest and reduce the payment, etc., do I need to send a letter to servicemember informing of rate reduction change?
Last edited by Poohie; 01/29/21 05:48 PM.
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Lending to Servicemembers (SCRA, JWNDAA), War, Terrorism
#2248799 - 02/05/21 10:39 PM Re: Rate Change Notice Poohie
Andy_Z Offline
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Andy_Z
Joined: Oct 2000
Posts: 27,348
On the Net
It is not required, but it is certainly advisable. How else does the borrower know the payment amount?
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#2248881 - 02/08/21 08:16 PM Re: Rate Change Notice Andy_Z
Poohie Offline
100 Club
Joined: Jan 2006
Posts: 200
USA
Thank you.

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