default
Defined in 11 places across 4 titles of the United States Code.
Default.—The term “default” means, with respect to an insured depository institution, any adjudication or other official determination by any court of competent jurisdiction, the appropriate Federal banking agency, or other public authority pursuant to which a conservator, receiver, or other legal custodian is appointed for an insured depository institution or, in the case of a foreign bank having an insured branch, for such branch.
Source
- 1994–200812 U.S.C. § 1813Banks and Banking · Definitions · as used in this chapter
Except as provided in subsection (m) of this section, the term “default” includes only such defaults as have existed for (1) 180 days in the case of a loan which is repayable in monthly installments, or (2) 240 days in the case of a loan which is repayable in less frequent installments.
Source
- 1994–199820 U.S.C. § 1085Education · Definitions for student loan insurance program · under this part
Except as provided in subsection (m) of this section, the term “default” includes only such defaults as have existed for (1) 270 days in the case of a loan which is repayable in monthly installments, or (2) 330 days in the case of a loan which is repayable in less frequent installments.
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- 1998–201620 U.S.C. § 1085Education · Definitions for student loan insurance program · under this part
Except as provided in subsection (m), the term “default” includes only such defaults as have existed for (1) 270 days in the case of a loan which is repayable in monthly installments, or (2) 330 days in the case of a loan which is repayable in less frequent installments.
Source
- 2016–present20 U.S.C. § 1085Education · Definitions for student loan insurance program · under this part
For purposes of this subsection, the term “default” means a failure to comply with the terms of a loan or other obligation to such an extent that the property securing the obligation is foreclosed upon.
Source
- 1994–present12 U.S.C. § 1821Banks and Banking · Insurance Funds · in this section
For the purpose of this subsection, the terms “insurance beneficiary” and “default” have the meanings assigned to them by section 1085 of this title.
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- 1994–present20 U.S.C. § 1078Education · Federal payments to reduce student interest costs · in this section
In the event of a default, a plan sponsor may require immediate payment of the outstanding amount of an employer's withdrawal liability, plus accrued interest on the total outstanding liability from the due date of the first payment which was not timely made. For purposes of this section, the term “default” means—
(A) the failure of an employer to make, when due, any payment under this section, if the failure is not cured within 60 days after the employer receives written notification from the plan sponsor of such failure, and
(B) any other event defined in rules adopted by the plan which indicates a substantial likelihood that an employer will be unable to pay its withdrawal liability.
Source
- 1994–present29 U.S.C. § 1399Labor · Notice, collection, etc., of withdrawal liability · in this section
The term “default” includes only such defaults as have existed for 120 days.
Source
- 1994–present42 U.S.C. § 292FThe Public Health and Welfare · Default of borrower · for purposes of this section
The term “default” means a failure to comply with the terms of a loan or other obligation to such an extent that the property securing the obligation is foreclosed upon.
Source
- 1994–present12 U.S.C. § 1441ABanks and Banking · Thrift Depositor Protection Oversight Board and Resolution Trust Corporation · under this section
The term “default” means an adjudication or other official determination of a court of competent jurisdiction or other public authority pursuant to which a conservator, receiver, or other legal custodian is appointed.
Source
- 1994–present12 U.S.C. § 1467ABanks and Banking · Regulation of holding companies · in this section
the term “default” means the failure of a borrower of a loan made under this part 1 to—
(i) make an installment payment when due; or
(ii) comply with any other term of the promissory note for such loan,
except that a loan made under this part 1 shall not be considered to be in default if the loan is discharged in bankruptcy or if the school reasonably concludes from written contacts with the borrower that the borrower intends to repay the loan;
Source
- 2000–201042 U.S.C. § 297AThe Public Health and Welfare · Student loan fund · under this part
the term “default” means the failure of a borrower of a loan made under this part to—
(i) make an installment payment when due; or
(ii) comply with any other term of the promissory note for such loan,
Source
- 2013–present42 U.S.C. § 297AThe Public Health and Welfare · Student loan fund · under this part
the term "default" means the failure of a borrower of a loan made under this part to—
(i) make an installment payment when due; or
(ii) comply with any other term of the promissory note for such loan,
except that a loan made under this part shall not be considered to be in default if the loan is discharged in bankruptcy or if the school reasonably concludes from written contacts with the borrower that the borrower intends to repay the loan;
Source
- 2010–201442 U.S.C. § 297AThe Public Health and Welfare · Student loan fund · under this part
The term “default” means the failure of a borrower of a loan made under this subpart to—
(i) make an installment payment when due; or
(ii) comply with any other term of the promissory note for such loan,
Source
- 2013–present42 U.S.C. § 292QThe Public Health and Welfare · Agreements for operation of school loan funds · under this subpart
the term “default” means the failure of a borrower of a loan made under this subpart to—
(i) make an installment payment when due; or
(ii) comply with any other term of the promissory note for such loan,
except that a loan made under this subpart shall not be considered to be in default if the loan is discharged in bankruptcy or if the school reasonably concludes from written contacts with the borrower that the borrower intends to repay the loan;
Source
- 1994–200042 U.S.C. § 297AThe Public Health and Welfare · Student loan fund · under this part
The term "default" means the failure of a borrower of a loan made under this subpart to—
(i) make an installment payment when due; or
(ii) comply with any other term of the promissory note for such loan,
except that a loan made under this subpart shall not be considered to be in default if the loan is discharged in bankruptcy or if the school reasonably concludes from written contracts with the borrower that the borrower intends to repay the loan.
Source
- 1994–201442 U.S.C. § 292QThe Public Health and Welfare · Agreements for operation of school loan funds · under this subpart
The term “default” means, with respect to a regulated entity, any adjudication or other official determination by any court of competent jurisdiction, or the Agency, pursuant to which a conservator, receiver, limited-life regulated entity, or legal custodian is appointed for a regulated entity.
Source
- 2008–present12 U.S.C. § 4502Banks and Banking · Definitions · for purposes of this chapter
The term “default” means, with respect to an insured depository institution, any adjudication or other official determination by any court of competent jurisdiction, the appropriate Federal banking agency, or other public authority pursuant to which a conservator, receiver, or other legal custodian is appointed for an insured depository institution or, in the case of a foreign bank having an insured branch, for such branch.
Source
- 2008–present12 U.S.C. § 1813Banks and Banking · Definitions · as used in this chapter