Non-performing loans are defined as loans that: a. are either in default or close to being in default and are at least 90 days in arrears. b. have been written off and loans that are at least 80 days in arrears. c. are either in default or close to being in default and are at least 60 days in arrears. d. have been written off and loans that are at least 60 days in arrears.

Personal Finance
13th Edition
ISBN:9781337669214
Author:GARMAN
Publisher:GARMAN
Chapter9: Obtaining Affordable Housing
Section9.4: Financing A Home
Problem 1CC
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Non-performing loans are defined as loans that:
a.
are either in default or close to being in default and are at least 90 days in arrears.
b.
have been written off and loans that are at least 80 days in arrears.
c.
are either in default or close to being in default and are at least 60 days in arrears.
d.
have been written off and loans that are at least 60 days in arrears.
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