In the process of collection definition

In the process of collection. ’ means collec- tion of the loan is proceeding in due course either: (1) Through legal action, including judgment enforcement procedures, or (2) in appropriate circumstances, through collec- tion efforts not involving legal action which are reasonably expected to result in repay- ment of the debt or in its restoration to a current status in the near future, i.e., gen- erally within the next 90 days.

In the process of collection means collection of the loan is proceeding in due course either:

In the process of collection. – means that collection of a debt is proceeding in due course in a timely manner either through:

In the process of collection means that collection of a debt is proceeding in due course in a timely manner either through legal action, including the enforcement of judgements against the borrower or through collection efforts not involving legal action which are reasonably expected to result in repayment of the debt or in its restoration to a current status through payment of the principal and interest due;

In the process of collection. ’ means collec- tion of the loan is proceeding in due course either:

In the process of collection means collection of the loan is proceeding in due course either: (1) through legal action, including judgment enforcement procedures, or (2) in appropriate circumstances, through collection efforts not involving legal action which are

In the process of collection means collection of the loan is proceeding in due course either: (1) through legal action, including judgment enforcement procedures, or (2) in