A Due-On-Sale Clause Is a Loan Contract Provision That Prohibits

question 73

True/False

A due-on-sale clause is a loan contract provision that prohibits a seller from assigning a loan arrangement to the buyer and instead, the buyer is required to finance the remaining loan balance at prevailing interest rates .

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Definitions:

Autonomic Nervous

It refers to the part of the nervous system responsible for control of bodily functions not consciously directed, such as breathing, the heartbeat, and digestive processes.

Parasympathetic Nervous

Part of the autonomic nervous system that promotes relaxation, digestion, and restoration of energy.

Severed Spinal Cord

A complete cut or transection of the spinal cord, resulting in a loss of communication between the brain and the body parts below the injury level, often leading to paralysis.

Knee-Jerk Response

An immediate, automatic reaction to a situation, without taking the time to think through the consequences.