Page 79 - Microsoft Word - NEW 2017 Standard Program.docx

unless signed personally by the debtor, thereby signifying receipt of Notice by the
debtor.

The Right to Cure Notice, once sent, is good for 365 days and the language must be
specific as to the intent to repossess if the account is not paid up to date within the time
allotted in the Notice.

It is important to remember that if a person purchases consumer goods in a state where a
Right to Cure Notice is required and then that person moves to a state where a Right to
Cure Notice is not required, then the collateral can be repossessed without sending out
such Notice. However, if a person purchases consumer goods in a state where such
Notice is not required and then moves to a state where such notice is required, then the
creditor is required to send the Notice.

If you provide repossession services in states requiring Right to Cure Notices, we
recommend that you obtain a copy of the state statute regulating this procedure. Violation
of these statutory procedures could result in a Wrongful Repossession.