Which of the Following Is Not a Condition That Must

question 26

Multiple Choice

Which of the following is not a condition that must be satisfied before a mortgagee can exercise their power of sale?

• A)A default must be made by the mortgagor.
• B)A notice of exercise of power of sale must be served upon the mortgagor.
• C)30 days must pass after service of the notice without payment or rectification.
• D)The mortgagor must agree to the sale price.

---

Definitions:

Fiscal Crime

Illegal activities affecting government revenue, including tax evasion, fraud, and embezzlement.

Burglary

Breaking and entering onto the property of another with the intent to commit a felony.

Property Crime

Crimes involving the theft of personal property or damage to property, such as burglary, larceny, arson, or vandalism.

Violent Crime

Criminal acts that involve force or threat of force, including but not limited to murder, rape, robbery, and assault.