How long will it take for a lender to take over an account
Date: Tue, 12/22/2020 - 08:10
How long will it take for a lender to take over an account
How long will it take for a lender to take over an account after the rehabilitation period has been completed?
If your FFEL lender is unable
If your FFEL lender is unable to sell the loan after rehabilitation, as per the current policy, you are required to keep making payments until a buyer is found.
But this should not be for a long period.
If your lender cannot find a buyer ultimately, it is supposed to assign the rehabilitated loan to the Department.
