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| - | 2) GROUNDS FOR REINSTATEMENT.--Earlier than any action filed to foreclose upon the house or different motion is taken to grab or transfer ownership of the house, a discover of the right to cure the default must be delivered to the borrower at the tackle of the property upon which any security exists for the house loan by postage prepaid certified United States mail, return receipt requested, which notice is efficient upon deposit in the United States mail, and shall inform the borrower: (a) Of the nature of default claimed on the home loan and of the borrower's right to cure the default by paying the sum of money required to cure the default. If the quantity necessary to cure the default will change during the 45-day interval after the effective date of the discover resulting from the applying of a day by day interest charge or the addition of late fee charges, as allowed by this act, the notice shall give adequate data to allow the borrower to calculate the amount at any point during the 45-day period. | + | |
