This Is a Loan Term or an Arrangement That Modifies

This is a loan term or an arrangement that modifies a loan term under which a bank agrees to suspend all or part of a customer's loan obligation on the occurrence of a specified event. It May be a part of the loan itself or a separate agreement. Does not include a loan payment deferral arrangement where the borrower or the bank can unilaterally defer a payment. What is it?

A) Debt suspension agreement (DSA)
B) Anti-dying
C) Debt cancellation contract (DCC)
D) ALLL

Correct Answer:

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