Which of the following actions is not an option for the lender when the borrower is in default?

Multiple Choice

• Modify the payment schedule in exchange for an increased interest rate or additional collateral, such as receivables, inventory, or equipment.

• Contact the borrowers customers and collect their receivables.

• Petition a court to judge the borrower insolvent.

• Adjust the loan payment schedule to better suit the companys anticipated operating cash flows.