A Notice of Final Cure Payment is a legal document issued to a borrower to inform them of a payment that will fully satisfy the terms of a loan. This document is typically issued when a borrower has missed multiple payments and the lender has decided to take action to remedy the situation. The notice will provide the borrower with information about the payment amount, payment date, and any associated fees or interest. Depending on the loan, there may be different types of Notice of Final Cure Payment such as a Cure Payment Agreement or a Final Cure Notice.
Notice of Final Cure Payment
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Notice of Final Cure Payment
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FAQ
Cure Amounts means all amounts, costs and expenses required by the Bankruptcy Court to cure all defaults and other amounts outstanding under the Assumed Contracts and Additional Assumed Contracts to the extent required so that they may be assumed by the applicable Selling Entities and assigned to Buyer pursuant to
Overview. A Notice of Final Cure Mortgage Payment is filed by the trustee within 30 days of the date the debtor completes all payments under the plan. The purpose of the notice is to state whether the debtor has paid the full amount required to cure the mortgage default.
The response is filed to provide a statement indicating: 1) whether the creditor agrees that the debtor has paid the full amount required to cure the default, and 2) whether the debtor is otherwise current on all payments.
Cure Payment means the payment of Cash or the distribution of other property (as the parties may agree or the Bankruptcy Court may order) that is necessary to cure any and all defaults under an executory contract or unexpired lease so that such contract or lease may be assumed, or assumed and assigned, pursuant to