Finance
In Louisiana, a 'subordination, non-disturbance, and attornment agreement' (SNDA) between a tenant, landlord, and lender primarily addresses what happens if the lender:
AReduces the interest rate on the mortgage
BForecloses on the property — the tenant agrees to attorn to the new owner while the lender agrees not to disturb the tenancy✓ Correct
CRefinances the mortgage
DTransfers the loan to another lender
Explanation
An SNDA protects the tenant in foreclosure — the lender promises not to evict the tenant (non-disturbance) if the lender forecloses (provided the tenant is not in default), and the tenant agrees to recognize the new owner as their landlord (attornment).
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