Finance
In Louisiana, the 'mortgagor' in a conventional mortgage is:
AThe lender who provides the funds
BThe borrower who pledges the property as security for the loan✓ Correct
CThe title company holding escrow funds
DThe notary who executes the mortgage
Explanation
The mortgagor is the borrower who grants the mortgage (pledges the property as collateral) to the mortgagee (lender) as security for the loan obligation. In Louisiana's Civil Law: the mortgagor is the obligor; the mortgagee is the obligee.
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