due-on-sale clause
due-on-sale clause 〈美〉出售加速到期条款 抵押协议中的条款。据此，当抵押人出售其所抵押的不动产时，贷款人有权宣布贷款加速到期，要求抵押人立即偿还贷款。这种做法是为了防止其后的购买者以低于现时市场利率的条件承担现存的贷款。美国联邦最高法院曾在其判决中承认该条款的有效性。
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Search Results for: DUE-ON-SALE CLAUSE
due on encumbrance clause
due-on-encumbrance clause. A mortgage provision giving the lender the option to accelerate the debt if the borrower further mortgages the real estate without the lender’s consent. • All state laws on the enforcement of due-on-sale clauses have been preempted, and the subject is now governed exclusively by the Garn Act. 12 USCA § 1701j–3. [Cases:
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due on sale clause
due-on-sale clause. A mortgage provision that gives the lender the option to accelerate the debt if the borrower transfers or conveys any part of the mortgaged real estate without the lender’s consent. [Cases: Mortgages 403. C.J.S. Mortgages §§ 102, 506, 509–510, 512, 519, 521.]
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