Finance
Which of the following events would trigger a due-on-sale clause in a South Dakota mortgage?
ARefinancing the property
BAdding a co-borrower to the mortgage
CTransferring title to a new buyer✓ Correct
DRenting the property to tenants
Explanation
A due-on-sale clause is triggered when the property's title is transferred to a new buyer, requiring the full loan balance to be paid. It prevents assumption of the loan without lender approval.
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