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This question belongs to Commerce Insurance

Insurance

?

What is the essential feature of an MRI?

A) To bargain for cheaper mortgage rates from loan provider B) To continuously protect the value of the mortgaged property C) To escape court action of attachment in case of default or indebtedness D) To act as a collateral for ensuring financial protection for home loan borrowers

Answer & Solution

Correct Answer: Option D

The essential feature of an MRI is to act as a collateral for ensuring financial protection for home loan borrowers.

Question posted by Examveda

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