Before the scheduled foreclosure sale, Lena Howard pays the past-due installments, late fees, and allowed expenses so the loan becomes current again. What has Lena Howard done?
Correct Answer
D) Loan reinstatement
Loan reinstatement is correct because the facts match the curing of a default by bringing the loan current, usually by paying past-due amounts and permitted costs before the foreclosure is completed. That is the best description of the relationship, right, or legal concept tested here.
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