(2) Bankruptcy notices. The regular declaration must include the immediate following:
(i) a declaration determining the customer’s status as a debtor in bankruptcy or the status that is discharged of home loan; and
(ii) a declaration that the statement that is periodic for informational purposes just.
(3) Chapter 12 and chapter 13 consumers. The requirements of this section are subject to the following modifications in addition to any other provisions of this paragraph (f) that may apply, with regard to a mortgage loan for which any consumer with primary liability is a debtor in a chapter 12 or chapter 13 bankruptcy case
1. Pre-petition re payments and post-petition re payments. I. For purposes of § f that is 1026.41(3), pre-petition payments are re re payments built to cure the buyer’s pre-bankruptcy defaults, and post-petition re payments are payments designed to match the home mortgage’s regular re re payments while they come due after the bankruptcy instance is filed. As an example, assume a customer is $3,600 in arrears at the time of the bankruptcy filing date on home financing loan needing month-to-month regular payments of $2,000. Continue reading