QuestionJune 20, 2025

College Credit Union has decided to give Melissa a loan. In exchange , they have a mortgage on Melissa's house. Which term best describes College Credit Union? license holder beneficiary mortgagee mortgagor

College Credit Union has decided to give Melissa a loan. In exchange , they have a mortgage on Melissa's house. Which term best describes College Credit Union? license holder beneficiary mortgagee mortgagor
College Credit Union has decided to give Melissa a
loan. In exchange , they have a mortgage on
Melissa's house.
Which term best describes College Credit Union?
license holder
beneficiary
mortgagee
mortgagor

Solution
4.7(205 votes)

Answer

mortgagee Explanation 1. Identify the role of College Credit Union College Credit Union is providing a loan and holds a mortgage on Melissa's house. 2. Define the term for the entity holding the mortgage The entity that provides the loan and holds the mortgage is known as the "mortgagee."

Explanation

1. Identify the role of College Credit Union<br /> College Credit Union is providing a loan and holds a mortgage on Melissa's house.<br /><br />2. Define the term for the entity holding the mortgage<br /> The entity that provides the loan and holds the mortgage is known as the "mortgagee."
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