A lender is eligible for a SafeGuard Fund payment if and when a borrower defaults on four consecutive payments and there is a sufficient balance in the SafeGuard Fund.
If this is the case, the SafeGuard Fund will repay the principal of the last four monthly payments in question, and the fifth one. From now on, the lender will be paid the designated monthly payment (the principal) at the end of each month until the loan’s maturity.

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