Due-on-sale clause

A due-on-sale clause is a clause in a loan or promissory note that stipulates that the full balance is due upon sale or transfer of ownership.

This law-related article is a stub. You can help Wikipedia by expanding it.

This page was last modified 06:08, 3 February 2008 by Wikipedia user Not An IP. Based on work by Wikipedia user(s) SayGoodbyeToHollywood, Ruakh, Legis, Zoicon5, Angr and CheekyMonkey and Anonymous user(s) of Wikipedia.
All text is available under the terms of the GNU Free Documentation License. (See Copyrights for details.)
Wikipedia® is a registered trademark of the Wikimedia Foundation, Inc., a U.S. registered 501(c)(3) tax-deductible nonprofit charity.
About Wikipedia
Disclaimers