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mortgagor

   Also found in: Dictionary/thesaurus, Medical, Legal, Financial, Wikipedia 0.01 sec.
mortgagor, mortgager
Property law a person who borrows money by mortgaging his property to the lender as security

mortgagor
The borrower who obtains a mortgage.


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He had failed to act with professional competence, diligence and due care, and to act with the integrity required (members should not recklessly make a statement that is misleading, false or deceptive), when making reports to a client's mortgagor and when preparing that client's annual accounts.
Foreclosure on the other hand is when the mortgagor is unable to make the necessary payments at the time set by the lender.
Today, the Bulletin reports, about 40% of mortgagors said they had more than ?
 
 
 
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