I am currently five days past due on my mortgage payment and the mortgage company has called me several times regarding the payment. I submitted the payment earlier today on their website. Is there a provision somewhere that tells me the time period in which I can be late on a mortgage before the mortgage company can call and attempt to collect debt?
Not really. There are laws that prevent the imposition of late fees until you're ten or fifteen days late (varies by state). That's usually called the "grace period." If you're actually five days past the grace period, then you are much more than five days past due, though (most mortgage payments are due on the first of the month).
If you are actually just five days past your regular due date, it would be unusual for a creditor to call. However, if you've had problems meeting your due date in the past, your mortgage company might be calling early to reduce the risk that you'll be significantly late this month.
Another thing that could cause your mortgage company to step up its collection efforts to call its clients so soon after their monthly due dates is the threatening mortgage credit environment. A lot of people are having real problems meeting their monthly mortgage payments right now, and your mortgage company could be doing some "preventive maintenance" to help keep its delinquency experience under control.
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Not really. There are laws that prevent the imposition of late fees until you're ten or fifteen days late (varies by state). That's usually called the "grace period." If you're actually five days past the grace period, then you are much more than five days past due, though (most mortgage payments are due on the first of the month).