Has anyone implemented disclosures for 129-a regarding if a borrower accepts an alternative payment schedule - it may have a negative impact on their credit score or rating?

Would an alternative payment schedule include any type of modification/deferral? Is this something you are giving to everyone with the original loan application? Thanks

129-a. Requirement of disclosure; alternative payment schedules. In the event that any bank or trust company shall permit a customer to establish an alternative payment schedule for an existing loan, the bank or trust company shall provide written notification that accepting such alternative payment schedule may have a negative impact on such customer’s credit score or rating. Such notification shall be provided at the time a loan application is made, at the time a loan is granted and at the time a customer requests that an alternative payment schedule be established for a loan, but prior to the actual establishment of an alternative payment schedule.