How to apply a Hold on Sales Order based on Open AR aging?

Summary:

The business requirement is to auto-apply a Hold ( or Credit Hold) if the outstanding AR aging is more than X number of days ( say 90 days)

Content (required):

The business requirement is to auto-apply a Hold ( or Credit Hold) if the outstanding AR aging is more than X number of days ( say 90 days).

for example: if the customer has an outstanding/Aging Invoice past due more than 90 days, any new orders to be put on Credit Hold automaticaly.

Version (include the version you are using, if applicable):

Code Snippet (add any code snippets that support your topic, if applicable):