This is a loan term or an arrangement that modifies a loan term under which a bank agrees to suspend all or part of a customer's loan obligation on the occurrence of a specified event. It May be a part of the loan itself or a separate agreement. Does not include a loan payment deferral arrangement where the borrower or the bank can unilaterally defer a payment. What is it?

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A debt suspension agreement (DSA) is an arrangement where a bank agrees to suspend all or part of a customer's loan obligation on the occurrence of a specified event. It is often used in cases of financial hardship, such as job loss or illness. It is different from a loan payment deferral arrangement, where the borrower or bank can unilaterally defer a payment. The other options (B, C, D) are not relevant or incorrect.

This Is a Loan Term or an Arrangement That Modifies