### Question
Can you define what due-on-sale clause means?


### Answer
**Due-on-sale clause** is defined as the following in *12 U.S.C. § 1701j*:

> a contract provision which authorizes a lender, at its option, to declare due and payable sums secured by the lender's security instrument if all or any part of the property, or an interest therein, securing the real property loan is sold or transferred without the lender's prior written consent

#### Citation:
  - *12 U.S.C. § 1701j*
  - Heading: **CHAPTER 12-SAVINGS ASSOCIATIONS**

