Finance
The note in a real estate mortgage transaction is the:
ADocument that pledges the property as collateral
BBorrower's written promise to repay the debt✓ Correct
CTitle insurance commitment
DClosing disclosure form
Explanation
The promissory note (note) is the borrower's written promise to repay the loan according to the stated terms. The mortgage or deed of trust is the security instrument that pledges the property.
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