Contracts
Under Wyoming law, an 'acceleration clause' in a mortgage or deed of trust allows the lender to:
AIncrease the interest rate when the borrower's income increases
BDemand immediate repayment of the entire loan balance upon borrower default✓ Correct
CSpeed up the loan amortization schedule
DAccelerate the property's depreciation for tax purposes
Explanation
An acceleration clause allows the lender to 'accelerate' the loan (call the entire outstanding balance due immediately) if the borrower defaults. Without this clause, the lender could only sue for each missed payment as it came due—the acceleration clause is what enables foreclosure for the full amount.
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