Current through November 30, 2024
Section 766.103 - Borrower does not respond or does not submit a complete application(a) If a borrower, who is financially distressed or current, requested loan servicing and received FSA-2512, but fails to respond timely and subsequently becomes 90 days past due, the Agency will notify the borrower in accordance with § 766.101(a)(2) .(b) If a borrower who is 90 days past due and received FSA-2510 or FSA-2510-IA, or is in non-monetary, or both monetary and non-monetary default and received FSA-2514, and fails to timely respond or does not submit a complete application within the 60-day timeframe, the Agency will notify the borrower by certified mail of the following: (1) The Agency's intent to accelerate the loan; and(2) The borrower's right to request reconsideration, mediation and appeal in accordance with 7 CFR parts 11 and 780 . 72 FR 63316 , Nov. 8, 2007, as amended at 85 FR 36693 , June 17, 2020