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 (i.e., a substantive default)?

Question

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Lenders tend to treat defaults as serious (substantive defaults) when payments are overdue for more than 90 days.

Violations of the Requirements of a Note That Do Not