FinanceCâu 73 / 100
An acceleration clause in a mortgage allows the lender to:
a.Lower the interest rate automatically
b.Extend the loan term indefinitely
c.Demand the entire remaining balance if the borrower defaults
d.Forgive the debt after ten years
Giải thích
An acceleration clause lets the lender declare the full unpaid balance immediately due upon a borrower default, such as missed payments. It is a necessary step before foreclosure. This protects the lender from having to sue for each missed installment.
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