A Due-On-Sale Clause Requires Immediate Repayment of the Loan When

question 37

True/False

A due-on-sale clause requires immediate repayment of the loan when the property changes hands.

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Definitions:

Critical Skill

An essential ability or expertise that is necessary for effectively performing tasks, solving problems, or achieving goals.

Specific Action

A particular or distinct deed taken to achieve a goal or address a situation.

Prospecting

The process of searching for potential customers, clients, or buyers in order to develop new business.

Building Interest

The process of engaging an audience's attention and curiosity about a subject or activity.