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05-08-2024
Business

Answered

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

Answer :

GinnyAnswer GinnyAnswer

05-08-2024

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

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