You know what it looks like… but what is it called?
TAKE THE QUIZ“standard mortgage”
We have one entry that includes the term standard mortgage.
standard mortgage clause
noun: a mortgage clause that is usually considered to form a separate contract between the insurer and mortgagee under which the mortgagee can collect payment even if the policy is void or voidable with regard to the insured (as because of fraud or nonpayment)
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Merriam-Webster unabridged
