Legal-Explanations.com - Legal resources in plain English
Legal-Explanations.com Home > Legal Definitions
 

Notice Of Default

It refers to the communication to the someone (usually borrower) in form of notice, informing him/her that they have defaulted the terms of the contract or agreement and a legal action can be taken against him/her.

 
Legal-Explanations.com Home
About us | Contact us | Privacy | Terms of service

2004 - 2007 Legal-Explanations.com. All rights reserved