(1) In the course of giving a borrower otherwise endorser a forbearance, the financial institution must provide the new debtor otherwise endorser with advice to help the borrower otherwise endorser when you look at the knowing the impact of capitalization interesting into the financing dominating and you will overall desire getting paid down over the lifetime of the loan; and
(2) At least one time all of the 180 months during the period of forbearance, the financial institution need certainly to get in touch with the fresh new debtor otherwise endorser to share with the fresh new borrower otherwise endorser regarding –
