Acceleration Clause A contractual provision that gives the lender the right to demand repayment of the entire loan balance in the event that the borrower violates one or more clauses in the note. Such clauses may include sale of the property, failure to make timely payments, or provision of ...
In your mortgage, there is an acceleration clause the lender can enact to request full repayment. Learn what an acceleration clause is and how it gets activated.
Acceleration Clause A clause in a contract, especially a loan or bond, allowing a creditor to call the debt if certain, stated events occur. For example, if a borrower defaults on two or more payments, an acceleration clause may allow a lender to force the borrower to repay the entire amo...