When a Loan is in Default it is considered NPL. A Lender then has the choice as to whether they exercise their Enforcement Rights, or, has become more common in recent times, they may choose to sell the Loan to another Lender.
When a Loan is in Default it is considered NPL. A Lender then has the choice as to whether they exercise their Enforcement Rights, or, has become more common in recent times, they may choose to sell the Loan to another Lender.