Question: A land development loan has a unique characteristic in that it generally includes release provisions. Which of the following best describes these? Ch17 a. Special

A land development loan has a unique characteristic in that it

A land development loan has a unique characteristic in that it generally includes "release provisions". Which of the following best describes these? Ch17 a. Special terms that release the developer from liability as lots sell b. Ability of developer to pay off the loan at any time and be released from obligation c. Provision releasing lender from liability to public d. Prearranged mechanism to release sold lots /parcels from the lender's lien

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