Answered

IDNLearn.com provides a user-friendly platform for finding and sharing accurate answers. Find accurate and detailed answers to your questions from our experienced and dedicated community members.

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

A. 200 days
B. 30 days
C. 360 days
D. 100 days

Sagot :

GinnyAnsweridn

Final answer:

The loan officially defaults after 100 days of delinquency.


Explanation:

The loan officially defaults after 100 days of delinquency. Delinquency refers to cases where borrowers fail to keep up with required payments. Therefore, once a borrower is 90 days delinquent, default is imminent within an additional 10 days.


Learn more about Loan Default and Delinquency here:

https://brainly.com/question/16037213


Thank you for contributing to our discussion. Don't forget to check back for new answers. Keep asking, answering, and sharing useful information. IDNLearn.com is dedicated to providing accurate answers. Thank you for visiting, and see you next time for more solutions.