application for restructuring

(1) Application for restructuring The term “application for restructuring” means a written request— (A) from a borrower for the restructuring of a distressed loan in accordance with a preliminary restructuring plan proposed by the borrower as a part of the application; (B) submitted on the appropriate forms prescribed by the qualified lender; and (C) accompanied by sufficient financial information and repayment projections, where appropriate, as required by the qualified lender to support a sound credit decision.


12 USC § 2202a(a)(1)

Scoping language

As used in this part
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