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The Right to Equity of Redemption

Question 37

Multiple Choice

The right to equity of redemption:


A) is the mortgagor's (debtor's) right to pay off the mortgage in full,including interest,and thus,discharge the debt in total.
B) states that a default on one installment payment will make the entire balance due immediately,giving the mortgagee the right to collect the full amount.
C) is the mortgagee's right to apply to a court to have the property sold.
D) gives the mortgagor the right to receive each installment payment as it falls due.

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