Default and Payment by BIA | Midpage

Collections
Code of Federal Regulations

Subpart G

Default and Payment by BIA

103.35What must the lender do if the borrower defaults on the loan?103.36What options and remedies does the lender have if the borrower defaults on the loan?103.37What must the lender do to collect payment under its loan guaranty certificate or loan insurance coverage?103.38Is there anything else for BIA or the lender to do after BIA makes payment?103.39When will BIA refuse to pay all or part of a lender's claim?103.40Will BIA make exceptions to its criteria for denying payment?103.41What happens if a lender violates provisions of this part?103.42How long must a lender comply with Program requirements?103.43What must the lender do after repayment in full?