[Code of Federal Regulations]
[Title 29, Volume 9]
[Revised as of July 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 29CFR4043.67]

[Page 841]
 
                             TITLE 29--LABOR
 
            CHAPTER XL--PENSION BENEFIT GUARANTY CORPORATION
 
PART 4043_REPORTABLE EVENTS AND CERTAIN OTHER NOTIFICATION REQUIREMENTS
--Table of Contents
 
              Subpart C_Advance Notice of Reportable Events
 
Sec. 4043.67  Loan default.

    (a) Reportable event and information required. Advance notice is 
required for a loan default, as described in Sec. 4043.34(a) (or that 
would be so described if ``10 days'' were substituted for ``30 days'' in 
Sec. 4043.34(a)(1)). The notice shall include the information described 
in Sec. 4043.34(b).
    (b) Waivers. Notice is waived if the reportable default is cured, or 
the lender waives the default, within 10 days or, if later, by the end 
of any cure period.
    (c) Extensions. The notice date is extended to the later of--
    (1) 10 days after default. 10 days after the default occurs (without 
regard to the time of any other conditions required for the default to 
be reportable); and
    (2) One day after subsequent event. One day after--
    (i) The applicable cure period provided in the loan agreement (in 
the case of a default described in Sec. 4043.34(a)(1));
    (ii) The date the loan is accelerated (in the case of a default 
described in Sec. 4043.34(a)(2)); and
    (iii) The date the debtor receives written notice of the default (in 
the case of a default described in Sec. 4043.34(a)(3)).