Personal Finance, 4e (Madura)
Oct 15, 2011 · a. If previous contacts with the borrower have not led to reinstatement of the loan, servicers must send a delinquency letter no later than day 30 of delinquency. This letter is a means to alert the borrower to the delinquency and provide information on making the late payments. The letter should: 1. State that the loan is in default. 2. ................
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