Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
NOTICE OF DEFAULT Definition & Legal Meaning
Definition & Citations:
A note stating the intent of legal action against the borrower by the lender, in the event that the borrower is in default.
This article contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.