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Violations of the Requirements of a Note That Do Not

Question 8

Multiple Choice

Violations of the requirements of a note that do not disrupt the payments on the loan tend to be viewed as "technical" defaults.In practice,how many days must a payment be overdue in order for lenders to treat a default as serious?


A) One day
B) 30 days
C) 60 days
D) 90 days

Correct Answer:

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