Contracts
What is an 'acceleration clause' in an Idaho deed of trust?
AA clause that speeds up the loan payoff through biweekly payments
BA clause that makes the entire loan balance due immediately upon default or other triggering events✓ Correct
CA clause adjusting the interest rate upward
DA provision increasing the monthly payment over time
Explanation
An acceleration clause in a deed of trust (or mortgage) allows the lender to call the entire remaining loan balance immediately due and payable upon borrower default. This is a prerequisite to foreclosure.
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