An unusually prolonged or complex illness, esp. one that causes severe organ dysfunction or threatens life. Catastrophic illnesses often make exceptional demands on patients, caregivers, families, and health care resources.
However, if your current mortgage lender has discounted your current mortgage loan balance, the mandatory waiting period after loan modification is 12 months from the effective date of the loan modification with a 12 months on time payment history which is reflected on your credit report.
The waiting period for new hires is usually a minimum of 30 days after the date of hire. A few industries require a mandatory 90-day new hire waiting period, such as doctors, lawyers, architects, auto dealerships, and country clubs. Our voluntary plans also include waiting periods. Return to top.