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default aversion activities

Defined in 1 dictionary — U.S. Code

United States Code

20 U.S.C. § 1072B — in this section

The term “default aversion activities” means activities of a guaranty agency that are directly related to providing collection assistance to the lender on a delinquent loan, prior to the loan's being legally in a default status, including due diligence activities required pursuant to regulations of the Secretary.