Finance
A 'due-on-sale' clause in a Mississippi mortgage or deed of trust requires:
AThe entire loan balance to be paid when the property is sold✓ Correct
BThe seller to pay the buyer's closing costs
CThe loan to be paid in full by a specific date
DThe buyer to qualify for FHA financing
Explanation
A due-on-sale (acceleration) clause requires the full loan balance to become immediately due if the property is sold or transferred. It prevents loan assumption without lender approval.
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