Crucial Exams

Multistate Bar Examination Practice Question

What is a mortgage describing in real property law?

  • A legal agreement in which the borrower retains ownership of property while granting the lender rights to enforce repayment obligations.

  • A transfer of ownership from the borrower to the lender until the loan has been fully repaid.

  • A lease agreement allowing the lender to occupy the property until the borrower's debt is satisfied.

  • An agreement requiring the borrower to pay property taxes on behalf of the lender.

Multistate Bar Examination
Real Property
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