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.]

---

词条贡献者

双语律师Roger，毕业于一所培养最顶级翻译人才的语言学院，擅长翻译各类与商业秘密咨询与诉讼相关的法律文件。