Almost half of all of the states have statutes that allow the borrower to cure a default by paying any amount already due, plus any allowable costs and fees, prior to the foreclosure sale without having to pay off the entire principal amount of the mortgage loan.
In the EU (European Union), O-SII buffers are set based on institutionspecific scores of systemic importance. While the scoring methodology has been largely harmonised through EBA (European Banking Authority) guidelines, the calibration of buffers is at the discretion of national authorities.