Answer: Option B is correct
Exculpatory clause removes the borrower from the debt, giving the
lender no recourse beyond taking possession of the collateral that
secures the loan
The ___________ clause removes the borrower from the debt, giving the lender no recourse beyond taking...
The ___________ clause gives the borrower the right (without obligation) to pay the loan off prior to maturity. Subordination Exculpatory (Nonrecourse) Prepayment Release