Defaulting on a Loan

If the borrower does not pay back the principal + interest at the end of the loan duration, the lender has the option of

Borrowers can repay their loan and reclaim their collateral up until the transaction block when a Lender initiates the SeizeAsset call to the NiftyApes smart contract.

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Last updated 2 years ago

If the borrower does not pay back the principal + interest at the end of the loan duration, the lender has the option of

Borrowers can repay their loan and reclaim their collateral up until the transaction block when a Lender initiates the SeizeAsset call to the NiftyApes smart contract.

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seizing the asset.

😲Loan Default FAQ