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Contacting Borrower in "Cure" Period

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Question: 
Can you contact a delinquent borrower during the twenty-day period after you've provided them with a "Notice to Cure Default"? I've been a lender for 24 years and was trained that the lender could not initiate any contact during the cure period, but could respond if the debtor called. We have a difference of opinion at our bank.
Answer: 

I can't find a definitive answer for you. The right to cure is generally governed by state law; start there.

First published on BankersOnline.com 2/21/05

First published on 02/21/2005

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