(c) In the event the a borrower submits a whole software to possess an initial lien loan modification given by, otherwise using, the fresh new borrower’s financial servicer, a home loan servicer, mortgagee, trustee, beneficiary, otherwise subscribed agent shall perhaps not number an alerts of standard otherwise find regarding income, otherwise perform a beneficial trustee’s sales, because the done first lien loan modification software is pending. A mortgage servicer, mortgagee, trustee, beneficiary, or licensed representative should not checklist a notice off standard otherwise see regarding deals otherwise make a great trustee’s revenue until any kind of another takes place:

(1) The borrowed funds servicer helps make a created commitment that debtor is actually perhaps not entitled to a first lien loan mod, and you may people interest several months pursuant so you’re able to subdivision (d) has expired.

(d) Whether your borrower’s application for personal loans of Kansas a primary lien loan modification is actually refused, the brand new borrower shall keeps at the very least thirty days from the time of your created denial so you can desire the latest denial and to promote proof that the financial servicer’s dedication was in mistake. Read more