Meaning Open Mortgage Clause
What does Open Mortgage Clause mean? Here you find 2 meanings of the word Open Mortgage Clause. You can also add a definition of Open Mortgage Clause yourself
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Open Mortgage Clausea mortgage clause which provides that payments go first to the mortgagee to the extent of its interest and which makes the mortgagee's right to receive payment dependent on the mortgagor's r [..]
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Open Mortgage ClauseOpen mortgage clause is a provision in an insurance policy which exempts a mortgagee’s interest in a property in any case where the mortgagor tries to invalidate the policy. For example, a mortgagor c [..]
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