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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词条贡献者

资深译员Walker，毕业于亚洲一流的高级翻译学院，擅长翻译各类与尽职调查相关的法律文件。