In general,with regard to a loan connected with real property,a deed of trust can be used to accomplish the same result as a mortgage,since the deed of trust is an instrument that gives the creditor a security interest in the debtor's property that is pledged as collateral.
Correct Answer:
Verified
Q14: A lender who is unsure whether a
Q15: In a mortgage,the debtor is the mortgagee.
Q16: Unsecured credit does not require any collateral
Q17: In a credit transaction,the borrower is the
Q18: Because lenders are sometimes reluctant to lend
Q20: Recording statutes give potential lenders or purchasers
Q21: A television purchased for your home and
Q22: Revised Article 9 (Secured Transactions)of the Uniform
Q23: Intangible personal property includes equipment,vehicles,furniture,computers,clothing,and jewelry,while tangible
Q24: A transaction involving a security interest generally
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents