transitive verb
Definition 1
Demand repayment of an outstanding loan when the borrower is in default or declared insolvent.
Source: Invertext
Context: [Home] buyers must remember that the process is very quick -- 90 days late and the bank calls the loan -- 4 weeks later it's on the steps.
Source: activerain.com
Note
The expression 'on the steps' is equivalent to 'at the door', i.e., in this context, formally delivering a court order demanding repayment. 'Doorstep' is synonymous with the front door or threshold of someone's home.
Appears in the following subjects