Mortgage Glossary
Acceleration Clause
Defined by Onias Derilus, Mortgage Capital · NMLS# 1859012 · Florida licensed mortgage broker
An acceleration clause lets a lender demand the entire loan balance immediately if the borrower defaults on key terms, such as missing payments.
What Acceleration Clause means
This clause is what allows foreclosure to proceed on the full debt rather than just the missed amount. It is triggered by events like nonpayment, unauthorized transfer, or failure to maintain insurance. Lenders must usually send notice before accelerating.
Florida example
After a Florida borrower missed several payments, the lender invoked the acceleration clause and demanded the full $240,000 balance, starting the foreclosure timeline.
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