My question involves collection proceedings in the State of: California
I co-signed on a student loan for a family member. BEFORE the loan went to collection, wouldn't the lender have to notify me AND give me the option to bring the loan current? I was totally unaware that the loan was in arrears. This is what happened in a nutshell: Another family member had co-signed on a 2nd student loan with the same company. While he was making payments the bank was applying the payments to my loan. When the situation was rectified, the bank defaulted my loan, which was not due for payment at the time. The bank then sent a statement in Jan. showing an amount past due. The next notice was a letter, received at the end of March, from a debt collection agency stating the whole amount was due and payable immediately. Any input would be greatly appreciated.

