§766.103. Borrower does not respond or does not submit a complete application.
7 C.F.R. § 766.103
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).
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:
The Agency's intent to accelerate the loan; and
The borrower's right to request reconsideration, mediation and appeal in accordance with 7 CFR parts 11 and 780.
Notes, amendments, and revision history
Amendments
[72 FR 63316, Nov. 8, 2007, as amended at 85 FR 36693, June 17, 2020]
Authority
Authority: 5 U.S.C. 301, 7 U.S.C. 1989, and 1981d(c).
Source
Source: 72 FR 63316, Nov. 8, 2007, unless otherwise noted.
Amendments
[72 FR 63316, Nov. 8, 2007, as amended at 85 FR 36693, June 17, 2020]