> For the complete documentation index, see [llms.txt](https://docs.atlasdao.zone/atlas-dao/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.atlasdao.zone/atlas-dao/products/p2p-nft-loans/loan-defaults.md).

# Loan Defaults

A loan defaults upon expiration of the loan lifecycle. Defaulted loans cannot be repaid, & the lender becomes the exclusive owner, and can now claim the collateral. 

The lenders can also quickly sell the NFT with our upcoming sell now button. 

#### Empathy Requests: Coming Soon[​](https://docs.atlasdao.zone/loans/loan-defaults#empathy-requests-coming-soon) <a href="#empathy-requests-coming-soon" id="empathy-requests-coming-soon"></a>

Request a loan term extension.