Under Reg X, a servicer generally may not make the first notice or filing required for a foreclosure until the borrower is more than how many days delinquent?

Giải thích

Regulation X generally prohibits a servicer from making the first notice or filing for a foreclosure process until the borrower's mortgage loan obligation is more than 120 days delinquent. This waiting period gives borrowers time to pursue loss mitigation options before foreclosure proceedings begin.