Day Pitney remains committed to providing quality legal counsel, while protecting our clients and employees, and transforming our communities into more just, equal and equitable spaces. For more information, please visit our COVID-19 Resource Center | Racial Justice and Equity Task Force.

Insights

Publications Events Blogs

Borrower's Failure to Comply with TPPA Justifies Lender's Refusal to Modify Loan

Publisher: New Jersey Law Journal
March 24, 2015

Joy Harmon Sperling, Christina Parlapiano and Nancy Todaro wrote the bylined article, "Borrower's Failure to Comply with TPPA Justifies Lender's Refusal to Modify Loan," for the New Jersey Law Journal. The article explores the significance of the New Jersey Appellate Division's two opinions holding that language contained in a trial period plan agreement issued pursuant to the federal Home Affordable Modification Program (HAMP) did not require the lender to provide a loan modification. The article suggests that borrowers must comply with their payment obligations for a lender to be required to offer a permanent modification.


Recommended