Finance
A mortgagor is best described as:
AThe lender who holds the mortgage
BThe borrower who pledges the property as security by executing the mortgage✓ Correct
CThe title company that insures the transaction
DThe appraiser who values the property for the loan
Explanation
In a mortgage transaction, the mortgagor is the borrower who pledges (mortgages) the property as security for the loan. The mortgagee is the lender who holds the mortgage. This is a common source of confusion because the 'or' suffix usually denotes the one giving something and 'ee' the one receiving.
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