The borrower who issues a mortgage with real property as collateral to the bank is the:
A) mortgagor.
B) mortgagee.
C) mortgager.
D) mortgage.

Question

Quizplus · Accepted Answer

The borrower who issues the mortgage with real property as collateral to the bank is known as the mortgagor. The mortgagor is responsible for repaying the loan and complying with the terms of the mortgage agreement. The lender, in this case, is known as the mortgagee. The term "mortgager" is not commonly used and "mortgage" refers to the legal document that establishes the mortgage agreement.

The Borrower Who Issues a Mortgage with Real Property as Collateral