What happens when online BBC forms are not submitted within the first 45 days of a calendar quarter?

Members who have previously pledged a loan collateral class with a BBC Form and have not submitted an updated online BBC Form within the first 45 days of a calendar quarter will begin receiving electronic reminders. The first reminder will be sent on Day 46. Members who have not submitted an updated BBC form by Day 56 of a calendar quarter will be notified that an updated BBC must be submitted by Day 60 in order to keep borrowing capacity for the collateral pledged under the outdated BBC form. Advance equivalency for collateral pledged under a BBC Form that has not been updated, will be removed on Day 61 of a calendar quarter.