"Default" means the failure to make one or more payments on an educational loan where the governmental or commercial lender has accelerated payments and the total outstanding balance has been made presently due and owing.
Cal. Code Regs. Tit. 22, § 97700.7
2. Change without regulatory effect amending NOTE filed 7-3-2017 pursuant to section 100, title 1, California Code of Regulations (Register 2017, No. 27).
Note: Authority cited: Section 128360, Health and Safety Code. Reference: Sections 128345 and 128350, Health and Safety Code.
2. Change without regulatory effect amending Note filed 7-3-2017 pursuant to section 100, title 1, California Code of Regulations (Register 2017, No. 27).