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    Exam 28: Introduction to Credit and Secured Transactions
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    A Party Who Borrows Money to Buy a Home and Signs
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A Party Who Borrows Money to Buy a Home and Signs

Question 67

Question 67

Multiple Choice

A party who borrows money to buy a home and signs an agreement giving the bank the right to repossess the home in case of default is called a:


A) mortgagor.
B) guarantor.
C) creditor.
D) trustee.

Correct Answer:

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