Author Question: A clause found in a mortgage or deed of trust that allows the lender to foreclose without giving the ... (Read 37 times)

craiczarry · **on:** Aug 3, 2018

A clause found in a mortgage or deed of trust that allows the lender to foreclose without giving the borrower the right to a formal judicial hearing is the:

a. Power of foreclosure clause
b. Power of sale clause
c. Condemnation clause
d. Equitable power clause

Question 2

If a UM carrier settles with its insured or must pay a certain amount to its insured following a trial or arbitration, the carrier:

a. Can pursue a subrogation claim against the at-fault uninsured motorist.
b. Cannot pursue any claim against the at-fault uninsured motorist.
c. Can only recover from the at-fault uninsured motorist half of what it paid to its insured.
d. None of the above.