A borrower must demonstrate that they can repay arrears within a reasonable period. Which of the following defines reasonableness in this respect?

Question

Answer

The borrower will be given the same length of time it has taken to accrue arrears to repay them

Answer

The borrower will always be given the remaining term of the loan to repay arrears

Answer

The borrower will be given three calendar months from the date of the judgment

Answer

The starting point for defining reasonableness is immediately, with contextual factors used to routinely extend this

Answer

The starting point for defining reasonableness is the remaining term of the loan, with contextual factors used to routinely reduce this

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