Finance
A 'due-on-sale' clause in a Connecticut mortgage allows the lender to:
AWaive late payment fees upon sale
BDemand full loan repayment when the property is sold or transferred✓ Correct
CAutomatically lower the interest rate at sale
DConvert the loan to a fixed rate upon sale
Explanation
A due-on-sale (or acceleration) clause allows the lender to demand the full outstanding balance when the property is sold or ownership is transferred, preventing loan assumption without lender approval.
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