§ 1487 Debtor'S Performance Offer Rules
This law says that when someone owes money, they must make an offer to pay it to the person they owe it to, or to someone the debtor has authorized to receive the payment.
A borrower wants to settle a loan and goes to the lender's office to say 'I can pay the $5,000 now'
The borrower must actually make the offer to the lender (or an authorized person) at the right place; if the lender isn’t there, the offer can be made wherever the lender can be found.
AI-generated — May contain errors. Not legal advice. Always verify source.
§ 1487 Debtor'S Performance Offer Rules
Last verified: January 9, 2026