Ask Question
BusinessBusiness
3 January, 20:59

How many days do you have to resolve your delinquency before your loan officially defaults

+1
Answers (1)
  1. 3 January, 22:04
    0
    270 days

    Explanation:

    A loan is delinquent if its not paid as at when due. When this happens, the lender has a window of 270 days within which to pay the loan.

    When the loan is not paid between this 270 days, the loan goes into default. This means that the lender has refused to pay the loan and that could attract sanctions or drastic measure being taken out on the lender to recover the loan.

    Cheers.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “How many days do you have to resolve your delinquency before your loan officially defaults ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Question 1 of 10 Which of the following is a form of financial aid that will need to be paid back? Scholarships Grants Work Study Loans
Answers (1)
Evan believes stratification is important for society. He thinks inequality is good as it motivates the poor to work harder and rewards those for their hard work.
Answers (1)
Two basic determinants of investment spending are: A. Consumer spending and government spending B. Expected returns and real interest rate C. General price level and the level of output D. Domestic trade and international trade
Answers (1)
Just two questions. 1 Which of these statements is one of the principles of a free-market system? A) The gross domestic product must be as large as possible. B) The government must prevent consumers from being coerced.
Answers (1)
Ms. BK is a self-employed architect who earns $205,000 annual taxable income. For the past several years, her tax rate on this income has been 35 percent. Because of recent tax law changes, Ms. BK's tax rate for next year will decrease to 25 percent.
Answers (1)
New Questions in Business
How is the workplace changing and why is it important to understand work place trends
Answers (1)
Outdoor Luggage Inc. makes high-end hard-sided luggage for sports equipment. Data concerning three of the company's most popular models appear below.
Answers (1)
Sydney has inherited her grandmother's estate worth approximately $4.5 million. She is worried about paying taxes on the estate and the inheritance. How will these taxes affect her new estate and inheritance?
Answers (2)
What is the total amount of goods and services in the economy available at all possible price levels called?
Answers (1)
Cassandra saved $85.25 to buy a stereo. the day she bought it, it was on sale. she had $9.73 left over. how much did she spend on the stereo?
Answers (1)
Home » Business » How many days do you have to resolve your delinquency before your loan officially defaults
Sign Up Forgot Password?