Loan default after cure period

[Gilmore]

Plan's loan program provides for a cure period not to exceed the last day of the calendar quarter following the quarter in which the loan payment was due.

If the loan payment is due in the 3rd quarter, the cure period ends on 12/31/2010. Would you consider the loan to be in default as of 12/31/2010, or does the participant get the benefit of the "entire" cure period, and the loan is considered in default on 1/1/2011?

Thanks!

[BG5150]

I've always defaulted it as of 12/31.

[Bird]

I've always defaulted it as of 12/31.

Me too.