Finance
In Hawaii, which type of deed of trust clause allows the lender to foreclose without court proceedings if the borrower defaults?
ADue-on-sale clause
BPower of sale clause✓ Correct
CDefeasance clause
DAlienation clause
Explanation
The power of sale clause in a deed of trust (or mortgage) authorizes the trustee to sell the property without court proceedings upon borrower default, enabling a nonjudicial foreclosure.
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