Unit 12

Question 1

In mortgage lending practices, a borrower is required to make specific real property serve as security (collateral) for the loan in the process called ______ the debtor retains the right of possession and control of the secured property, while
The creditor receives an equitable right in the property.

Answer 1

Hypothecation

Question 2

A _____ is a lien on the real property of a debtor. The borrower or mortgagor receives a loan and in return gives a promissory one and mortgage to the lender called the mortgagee

Answer 2

General