Finance
A subordination agreement allows:
AA senior lien to take priority over a more recently recorded one
BA lien holder to voluntarily accept a lower priority position✓ Correct
CA borrower to defer mortgage payments
DA lender to require additional collateral
Explanation
A subordination agreement is a lien holder's consent to allow their lien to take a lower (subordinate) priority position than it would normally hold based on recording date.
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