What are the steps to factory reset toshiba regza led tv 24 24ps1e factory reset

Fault at its main digital board. Short circuited component/s at it. Contact any service technician; or the authorized service center. If you wish to get some details; check the site linked here. Surf the site with patience. Pull up older posts. http://electro-medical.blogspot.com/
In most cases, the main board might have to be replaced. If so, a software [firmware] update too might be necessary.
Before going further; try a hard reset first. If it does not help you, replace the main digital board. There are two methods to reset TVs. The first is simple to do; a Hard Reset. The other is somewhat skilled; is a Factory Reset (System Reset). To make it a hard reset, just unplug the TV from AC mains wall socket, and re-plug it back after 15 minutes or so. If you do this by overnight is better. This procedure will make it a hard reset. If you want to make it a system reset [Factory Reset]; you have to enter its service mode option, and select the factory reset option. If you wish to get some details; visit the site linked here.

CONGRADULATIONS!

You should be able to buy a universal remote to fix this problem.
Can you get into your main menu.? If yes, try reseting to factory default. If asked a pass, try 0000.this should do the trick.
Hope this helps.

Unplug the TV for some time (usually 1hr is plenty) and it should reset to factory settings.

Yes and NO your tv is a LED. To be exact it is a LED Backlight LCD TV. An LED-backlight LCD television is an LCD TV that uses LED backlighting instead of the CCFLs used in traditional LCD televisions. It is not a true LED display but is called "LED TV" by some manufacturers.[1] The use of LED backlighting has a dramatic impact, resulting in a thinner panel, less power consumption and heat dissipation, and a brighter display with better contrast levels. You can go to http://www.regza-asia.com/pdf/LEDTV/XL700/47XL700SPEC.pdf and look at the complete specs for your tv

Hi,
TV needs back light inverter board replacement as discussed in chat session, required board is available with shopjimmy.com
Thanks.

i have the same problem mate

Go in ur tv menu go "Picture"go down to reset.Press it,will go back to Factory setting.The colors should be back to factory setting.Not,than ur tv Main Tuner signal board is the cause must change to fix.

Try resetting to the factory default and then retuning the set. See if you can solve it that way.

Yes,must use the manual control on the tv itself.Very trouble some.Buy a new exact remote on website 1-800-Remotes Factory Original.