Finance
A mortgage is a lien on real property that:
ATransfers title to the lender
BGives the lender a security interest in the property until the loan is repaid✓ Correct
CPermanently transfers ownership to the lender upon default
DIs automatically discharged after 10 years
Explanation
A mortgage is a security instrument that gives the lender a lien on the property as collateral for the loan. The borrower retains title; upon full repayment, the lien is released.
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