Question:What typically happens if a borrower breaks one of the loan covenants? 

A Nothing 
B The loan becomes 'in default', and can be called by the lender 
C The borrower has to pay double the amount of the loan 
D The IRS will tax the borrower 

+ Answer
D 

+ Explanation
Answer not sure

+ Report

Md. Habib Ullah

Editor, VCampus

Your Name

Your Email

Type of Report
Spelling MistakeIncorrect AnswerGrammar MistakeContent MissingImproper Text FormatInsufficient AnswerDuplicate QuestionImproper Sentence StructureImproper Equation/FormulaOther

Description