Wyoming Notice of Final Cure Payment

State:
Wyoming
Control #:
WY-BKR-4100N
Format:
PDF
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Description

Notice of Final Cure Payment

A Wyoming Notice of Final Cure Payment is a document which is sent by a lender to a borrower in the state of Wyoming to inform them that their loan has been paid in full. This document serves as a written notice that all outstanding loan payments have been made, and that the loan is now considered cured. The Notice of Final Cure Payment is typically sent when a borrower has made the last payment on their loan. There are two types of Wyoming Notice of Final Cure Payment: the Voluntary Notice of Final Cure Payment and the Involuntary Notice of Final Cure Payment. The Voluntary Notice of Final Cure Payment is sent when a borrower has successfully fulfilled all loan obligations and paid the loan in full. The Involuntary Notice of Final Cure Payment is sent when a borrower has defaulted on their loan and the lender has taken legal action to recover the outstanding balance.

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FAQ

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.

Bankruptcy Rule 3002.1(g) provides that once the trustee files a Notice of Final Cure of mortgage payments, a mortgage lender must file a response within 21 days indicating whether it agrees that the arrears have been fully cured and whether payments are current.

Once you have paid off all of your chapter 13 bankruptcy debts, you will go to the bankruptcy court for one last hearing ? your discharge hearing. You have the option of directing your attorney to attend the hearing in your place. The bankruptcy judge will review all of your case details.

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.

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Wyoming Notice of Final Cure Payment