This is a loan term or an arrangement that modifies a loan term under which a bank agrees to suspend all or part of a customer’s loan obligation on the occurrence of a specified event. It May be a part of the loan itself or a separate agreement. Does not include a loan payment deferral arrangement where the borrower or the bank can unilaterally defer a payment. What is it?
A. Debt suspension agreement (DSA)
B. Anti-dying
C. Debt cancellation contract (DCC)
D. ALLL
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