Finance
A 'non-recourse loan' in Ohio means that if the borrower defaults:
AThe borrower owes the full deficiency after foreclosure
BThe lender's only remedy is foreclosure against the property — the lender cannot sue for a deficiency✓ Correct
CThe lender can seize all of the borrower's assets
DThe borrower must refinance within 60 days
Explanation
A non-recourse loan limits the lender to the property as collateral. If foreclosure sale proceeds are insufficient to cover the debt, the lender cannot obtain a personal deficiency judgment against the borrower.
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