Exam (elaborations)
NMLS Questions And Answers 2022
- Course
- Institution
Acceleration Clause - Answer - Allows lenders to demand payment in full if the borrower defaults on the loan (can be construed as predatory lending) Alienation Clause (Due on Sale Clause) - Answer - Says you must repay your mortgage if you sell your home to a new owner (loan is not assumable) ...
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