The doctrine declaring that the mortgagee's interest in the property is limited to the amount of the outstanding obligation is known as:
A) adverse possession.
B) the title theory.
C) the lien theory.
D) equity of redemption.

Question

Quizplus · Accepted Answer

The lien theory states that the mortgagee's interest is limited to a lien on the property, securing the debt, rather than holding title to the property itself.

The Doctrine Declaring That the Mortgagee's Interest in the Property