Answer:
Based on the given search results, there are several pages that discuss loans and the Federal Trade Commission (FTC), but there is no clear answer that specifically addresses how many days a loan is considered delinquent by the FTC. It is important to note that delinquency and default are two different things. Delinquency occurs when a payment is late, while default occurs when a loan is not repaid at all. Generally, when a loan becomes delinquent, the lender can begin collection procedures, such as calling the borrower, sending letters, or reporting the delinquency to credit bureaus. However, the specific time frame after which a loan is considered delinquent may depend on the terms of the loan agreement and the lender's policies. It's recommended to check with your lender or review the loan agreement to determine the exact timeframe for a specific loan.
Step-by-step explanation: