11 U.S.C. §1322 — Contents of plan (Chapter 13)
11 U.S.C. §1322 sets the mandatory and permissive contents of a Chapter 13 repayment plan. Critically for mortgage servicers, §1322(b)(2) prohibits modification of a claim secured only by a security interest in the debtor's principal residence (the anti-modification rule), and §1322(b)(5) allows the debtor to cure defaults and maintain ongoing payments on a long-term mortgage. §1322(c) and (e) further specify how default cures are calculated and timed.
Verbatim regulatory text
Verbatim provisions from 11 U.S.C. §1322 — Contents of plan (Chapter 13) — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.
11 U.S.C. §1322(b)(2) — Anti-modification rule for principal-residence mortgages
modify the rights of holders of secured claims, other than a claim secured only by a security interest in real property that is the debtor’s principal residence, or of holders of unsecured claims, or leave unaffected the rights of holders of any class of claims;
11 U.S.C. §1322(b)(3) — Cure or waive default
provide for the curing or waiving of any default;
11 U.S.C. §1322(b)(5) — Cure and maintain long-term mortgage
notwithstanding paragraph (2) of this subsection, provide for the curing of any default within a reasonable time and maintenance of payments while the case is pending on any unsecured claim or secured claim on which the last payment is due after the date on which the final payment under the plan is due;
11 U.S.C. §1322(c)(1) — Default cure available until foreclosure sale
a default with respect to, or that gave rise to, a lien on the debtor’s principal residence may be cured under paragraph (3) or (5) of subsection (b) until such residence is sold at a foreclosure sale that is conducted in accordance with applicable nonbankruptcy law; and
11 U.S.C. §1322(e) — Cure amount determined by underlying agreement
Notwithstanding subsection (b)(2) of this section and sections 506(b) and 1325(a)(5) of this title, if it is proposed in a plan to cure a default, the amount necessary to cure the default, shall be determined in accordance with the underlying agreement and applicable nonbankruptcy law.