The Borrower Who Issues a Mortgage with Real Property as Collateral

question 57

Multiple Choice

The borrower who issues a mortgage with real property as collateral to the bank is the:

• A) mortgagor.
• B) mortgagee.
• C) mortgager.
• D) mortgage.

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Definitions:

Dominant Industry

An industry that holds a commanding position within an economy, often driving economic growth, attracting a significant portion of investments, and influencing labor markets.

Johnstown

A city in Pennsylvania, USA, historically known for the Johnstown Flood of 1889, one of the deadliest disasters in American history.

Winston-Salem

A city in North Carolina, USA, known for its historical tobacco industry and cultural sites.

Suburbs

Residential areas located on the outskirts of cities or large towns, typically characterized by lower population density and more single-family homes than urban centers.