Finance
When a Texas lender 'calls' a loan, this means:
AThe lender forgives the remaining balance
BThe lender demands full payment of the outstanding loan balance immediately✓ Correct
CThe lender reduces the interest rate
DThe lender extends the loan term
Explanation
A due-on-sale clause (also called an alienation clause) allows the lender to 'call' (demand immediate full repayment) of the loan if the property is sold or transferred. Acceleration clauses also allow lenders to call the loan upon default. The borrower must then pay the full balance or face foreclosure.
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