(a) In basic —
1. Recipient of periodic statement. Whenever two individuals are joint obligors with main obligation for a consumer that is closed-end deal guaranteed with a dwelling susceptible to § 1026.41, the regular declaration might be provided for each one of those. The servicer need not send statements to both spouses; a single statement may be sent for example, if spouses jointly own a home.
2. Payment cycles reduced than the usual 31-day duration. If that loan features a billing cycle smaller than a time period of 31 times (as an example, a bi-weekly payment period), a regular declaration addressing a complete thirty days works extremely well. Such declaration would individually list the payment that is upcoming times and amounts due, as required by § 1026.20(d)(1), and list all deal activity that took place throughout the relevant time frame, as needed by paragraph (d)(4). Pokračovat ve čtení „§ 1026.41 Periodic statements for res“