Assume That an Individual Has Just Lost His Job and Has

question 18

Multiple Choice

Assume that an individual has just lost his job and has been consistently late paying his bills. The bank recognizes deterioration in the individual's credit score and has notified him that he must pay his home equity line of credit in full. The mortgage clause that makes this possible is known as the:

• A) demand clause
• B) insurance clause
• C) escrow clause
• D) exculpatory clause