When does Collection Of Lease Contract start?

• A. Notification of failed ACH
• B. NSF notice
• C. Notice of breach of contract
• D. regular payment not received

Answer: (D)

Collection activity begins when a scheduled payment is not received by its due date. That missed payment marks delinquency and triggers the collections workflow, such as outreach or payment arrangements. The other events describe what can happen after an attempted payment: a failed ACH notification or NSF notice come from processing issues with a payment, and a breach notice could occur if the contract terms are violated, but they are not the starting point of the collection process. So the moment the regular payment is not received best identifies when collection starts.