Finance
A due-on-sale clause in an Oklahoma mortgage requires:
AThe seller to reduce the price if the property does not sell within 90 days
BThe full loan balance to be paid when the property is sold or transferred✓ Correct
CThe buyer to qualify under current lending standards
DAnnual payment adjustments based on market conditions
Explanation
A due-on-sale (acceleration) clause requires the entire loan balance to become due and payable when the property is sold or transferred, preventing buyers from assuming the loan without lender approval.
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