Finance
In South Dakota, 'forbearance' on a mortgage means the lender:
APermanently forgives a portion of the loan
BTemporarily suspends or reduces mortgage payments during financial hardship✓ Correct
CIncreases the interest rate to compensate for risk
DAccelerates the loan balance due immediately
Explanation
Forbearance is a temporary agreement where the lender allows the borrower to pause or reduce mortgage payments during financial hardship. The missed payments are typically added to the end of the loan.
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