Finance
An acceleration clause in a mortgage allows the lender to:
AIncrease the interest rate if market rates rise
BDemand the full loan balance immediately upon default✓ Correct
CTransfer the loan to a new lender without the borrower's consent
DReduce the loan term if extra payments are made
Explanation
An acceleration clause gives the lender the right to call the entire outstanding loan balance due and payable immediately if the borrower defaults on the terms of the loan agreement.
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