Skip to main content
NY.gov Portal State Agency Listing

New York Vista
Business
Education
Family
Health
Law and Order
Consumer Info
Environment
Government
Housing
Transportation
Career / Employment
Licenses & Credentials
Recreation / Tourism
Tax Information
How Do I?
Open Meeting Webcasts
  Consumer Information > Consumer Services
  Related Links   

 

Question The bank refuses to take payments on my mortgage. Can it do that? Why?

Answer Lenders can refuse to accept payments on a mortgage if the mortgage is already in default under its contractual terms and the lender has reserved the right to do so. A partial payment may trigger a default. However, the institution will usually request a single payment to bring the loan current or set up a formal plan to cure the default.

Back Contact: Consumer Representative
Phone: 1 800 334 3360 or Fax: 1 212 618 6570

NYS Home Page | Accessibility | Contact Us | Privacy Policy | Disclaimer

cpv