# 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.


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