7.1 The Recall (the Pre-Recovery Steps)

The default's identification: the loan's irregularity-and-missed-servicing (the classification's regime — the NRB's directives' overdue-and-substandard classes (the prudential ladder: the pass- watchlist-substandard-doubtful-loss classes)); the recall's decision (the bank's demand — the notice to the borrower: the outstanding's payment within the notice's period (the recall notice the recovery's first legal step)). The pre-legal remedies' menu: the restructuring-and-rescheduling (the NRB's forbearance framework (the COVID-era's lessons)); the negotiation (the settlement's craft — the compromise's documentation); the collateral's enforcement preparation (the title's verification, the valuation's update).