DUE-ON-SALE CLAUSE

By SovConn | July 26, 2014

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.] [Blacks Law 8th]

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