Real Estate Dictionary

acceleration clause

A clause in your mortgage which allows the lender to demand payment of the outstanding loan balance for various reasons. The most common reasons for accelerating a loan are if the borrower defaults on the loan or transfers title to another individual without informing the lender.

Last Updated: January 6th, 2009 at 12:08 AM Translate: Spanish French German Italian Portuguese Chinese (Simplified) Japanese Korean Russian

Office: (518) 899-9500 | Fax: (518) 899-9400 | Email: info@thepinnaclepost.com | Pinnacle Real Estate - 2575 Route 9, Malta, NY 12020