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Assume that an individual has just lost his job and has been consistently late paying his bills. The bank recognizes deterioration in the individual’s credit score and has notified him that he must pay his home equity line of credit in full. The mortgage clause that makes this possible is known as the?

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sandlee09

Answer:

demand clause

Explanation:

Based on the information provided within the question in regards to the situation at hand it can be said that the mortgage clause that allows for this is the demand clause. This is a clause that allows the individual or company lending the money to demand that the individual who borrowed the money to pay back the amount lent in full, regardless of the reason. This is what is happening in this situation.

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