Before cancelling a contract, CalVet will give 30 days' written notice of its intent to cancel to the Contract Holder and to any junior lienholders for whom it has given its written consent to encumber. The notice shall be given by certified or registered mail, return-receipt requested, or by first-class mail, or by personal service, as deemed appropriate by CalVet, to or at the last known address of Contract Holder or junior lienholder as shown in the Home Loan Division's contract file. The Contract Holder and all junior lienholders are responsible for keeping CalVet informed by actual written notice to CalVet of the proper address to which notices are to be sent. The notice shall be effective upon mailing, or upon actual service if given by personal service, and the default must be cured within 30 days thereafter to avoid cancellation.

Note: Authority cited: Section 700, Military and Veterans Code. Reference: Sections 987.1(a), 987.5, 987.73(a) and 987.77, Military and Veterans Code.

History

1. New section filed 4-4-88; operative 5-4-88 (Register 88, No. 17).

2. Editorial correction (Register 97, No. 20).

3. Amendment filed 3-24-2026; operative 7-1-2026 (Register 2026, No. 13).