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Pennsylvania Producers Examination for Title Insurance Series 16-10

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Pennsylvania Producers Examination for Title Insurance Series 16-10 Questions and Answers

Questions 1

The sale of a property was subject to the buyer's being able to assume an existing loan on the property. Upon examination, the note was found to contain a clause that prohibited the assumption of the loan. The clause was

Options:

A.  

a due-on-sale clause.

B.  

an assumption clause.

C.  

a prepayment clause.

D.  

a subordination clause.