Finance
In Hawaii, the 'note' in a mortgage transaction is:
AA. The deed conveying title to the property
BB. The borrower's written promise to repay the loan✓ Correct
CC. The lender's commitment letter
DD. The title insurance policy
Explanation
The promissory note is the borrower's written promise to repay the loan according to specified terms. The mortgage or deed of trust is the security instrument pledging the property.
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