DELINQUENCY >> Failure to make payments when due.

DEMAND >> A letter from a lender showing the total amount due to pay off a mortgage or trust deed, inclusive of unpaid principal, interest, impound amounts, prepayment penalty, etc. Also, known as a Demand for Payoff Request or Beneficiaries Demand Letter.

DEMAND FEATURE >> A feature that defines circumstances under which the remaining principal and interest amount of the loan is due and payable on demand.

DEPRECIATION >> A decrease in value to real property improvements caused by age, deterioration or functional obsolescence.

DEROG LETTER >> A letter written by the borrower that explains any derogatory information or reporting on the credit report.

DISBURSEMENTS >> Payments made on behalf of the borrower pursuant to the instructions on the HID Settlement Statement.

DISCHARGE >> Following a completed bankruptcy proceeding, discharged debts are no longer enforceable. The customer has successfully completed the process and debtors are either paid in full or eliminated based on the plan.