As Used in the Context of a Mortgage, a "Prepayment

question 22

Multiple Choice

As used in the context of a mortgage, a "prepayment privilege"

• A) is used to allow certain payments to be made without penalty.
• B) means that the lender can demand repayment of the loan sooner than expected.
• C) is prohibited in many Canadian provinces.
• D) means that if the borrower misses a payment on the loan, the entire amount becomes due immediately.
• E) arises in connection with an insurance contract.

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Definitions:

Amygdala

A part of the brain involved in emotion regulation, emotional memory, and responses to emotional stimuli, particularly fear.

Thalamus

A major part of the brain serving as a relay station for sensory information.

Appropriate Response

An action or behavior that is deemed suitable or fitting for a particular situation or context.

Amygdala

A part of the brain's limbic system involved in processing emotions, especially fear and pleasure.