What is an accelerations clause?

An acceleration clause is a clause that appears in a mortgage document. It is a legal contract that allows a lender to require that a borrower immediately repay the entire mortgage debt if certain conditions are not met. In Massachusetts, these conditions include a borrower not making their monthly payments on time or not following the terms of the mortgage agreement. When this clause is invoked, the lender can start the foreclosure process, and the borrower will not be able to make further payments on the mortgage. This clause is a way for the lender to protect their investment in the mortgage, and they typically would invoke the clause if the borrower is not meeting their obligations. The acceleration clause is an important part of foreclosure law in Massachusetts, as it allows lenders to protect their investments and recover their principal if the borrower breaches the terms of the loan agreement.

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What is an accelerations clause?

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