Quick answer: A valid acceleration clause may make the remaining loan balance due after the specified default. Enforcement depends on the clause’s wording, the occurrence of the trigger, required notice or demand under Civil Code Articles 1159 and 1169, and waiver through prior conduct, and the lawful computation of principal, interest, penalties, and credits. Governing…
Quick answer: In an ordinary real estate mortgage, a lender may generally pursue the unpaid balance after applying the foreclosure proceeds, if the debt and deficiency are proven. But the result can change under a special law, the transaction documents, defective foreclosure procedure, prescription, or rules protecting an installment buyer. The basic computation A claimed…
Understand why lifting statutory interest ceilings did not remove judicial review of unconscionable rates and oppressive loan charges.
Understand contractual interest, interest as damages, the 6% legal rate framework, and the dates needed for an accurate computation.