Escrow & Title
A 'release clause' in a blanket mortgage allows:
AThe borrower to refinance individual parcels without approval
BThe borrower to release individual parcels from the mortgage lien upon payment of a specified amount✓ Correct
CThe lender to release all liens upon full payoff
DThe title company to clear a title defect automatically
Explanation
A blanket mortgage covers multiple parcels. A release clause allows the borrower to obtain a release of the mortgage lien on individual parcels as they are sold or upon payment of a specified release price, freeing each parcel for clean transfer.
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