Which of the following is true of the right of redemption for mortgages?

Question

Quizplus · Accepted Answer

Right of redemption for mortgages refers to the legal right of the mortgagor to redeem their property by paying off the full amount of the debt incurred by the mortgagee, including any interest and fees. Option B is incorrect because possession of the property is returned to the mortgagor only upon redemption. Option C is also incorrect because the mortgagee is not required to accept partial payments and can demand full payment. Option D is incorrect because the amount payable by the mortgagor includes all interest and fees incurred during the period of the loan.

Which of the Following Is True of the Right of Redemption