The "Due on Sale" Provision in a Mortgage Means That

question 23

True/False

The "due on sale" provision in a mortgage means that if the mortgage is sold, the debt secured by the mortgage will become due and payable.

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Definitions:

State Action

Activities or conduct carried out by government or governmental officials, particularly with respect to whether an action can be challenged as unconstitutional.

Public Function

An activity or service that is traditionally the responsibility of the government and is performed or carried out for the benefit of the public.

State Regulation

The oversight and control by a state government over certain activities, industries, or professions within its jurisdiction.

Federal Action

Any legal actions initiated or enforced by the federal government or its agencies.