Examlex
What is an ethical framework? What does it address?
Due On Sale Clause
A provision in a mortgage allowing the lender to demand full repayment if the property is sold.
Mortgage
A mortgage is a legal agreement by which a bank or other creditor lends money at interest in exchange for taking title of the borrower's property, with the condition that the conveyance of title becomes void upon the payment of the debt.
Remaining Balance
The total amount still owed on a debt or loan, not including current or future interest.
State Statute
A written law enacted by a state legislature governing matters within the state's jurisdiction.
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