How many days after the loan account becomes past due must a borrower be notified of primary loan servicing availability?

The correct answer indicates that a borrower must be notified of primary loan servicing availability within 90 days after the loan account becomes past due. This requirement is in place to ensure that borrowers who may be experiencing financial difficulties are made aware of the options available to them.

By notifying borrowers within this timeframe, lenders are fulfilling their obligation to assist borrowers in managing their loans effectively and preventing further escalation of financial distress. This proactive approach helps promote communication and support between the lender and the borrower, facilitating a pathway to potential solutions such as loan modifications or payment plans. Overall, the 90-day window reflects the commitment to managing loans responsibly and providing critical assistance to those in need.