Finance
In Kansas, the 'due on sale' clause in a mortgage means:
AThe entire balance is due when the interest rate adjusts
BThe entire loan balance becomes due when the property is sold or transferred✓ Correct
CThe monthly payment is due on the sale anniversary date
DThe lender may demand full payment at any time
Explanation
A due on sale (acceleration) clause requires the entire mortgage balance to be paid when the property is transferred or sold, preventing buyers from assuming the existing mortgage without lender consent.
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