Definitions for "Due-on-sale Provision"
A clause in a mortgage giving the lender the right to demand payment of the full balance when the borrower sells the property.
A rule in a mortgage allowing the lender to demand repayment in full if the borrower sells/transfers the property that serves as security for the mortgage.
A provision in a mortgage by which the lender can demand repayment of a loan in full if the borrower sells the property that serves as security for the loan.
A covenant in a conventional mortgage that allows the lender to call the mortgage due and payable if ownership was transferred without the lender's permission.
A covenant in a mortgage that allows us to call the mortgage due and payable if ownership of the mortgaged property is transferred without our permission.
Keywords:  clause, sold, event, paid, property
A clause that states the mortgage must be paid in the event that the property is sold.