DUE-ON-SALE CLAUSE

DUE-ON-SALE CLAUSE due-on-sale clause. A mortgage provision that gives the lender the option to accelerate the debt if the borrower transfers or conveys any part of the mortgaged real estate without the lender’s consent. [Cases: Mortgages 403. C.J.S. Mortgages ¡ì¡ì 102, 506, 509¨C510, 512, 519, 521.] How do bilingual lawyers in China usually translate the […]