Question 2 (1 point) What is your potential liability from the deficiency payments clause if you default? There will still be a loan balance because the monthly payments were deficient to amortize the loan. b) You will have to pay any legal or repossession fees incurred by the Lender. You will have to pay the remainder of the loan balance if the proceeds from the repossession are not sufficient to pay off the loan. d) Nothing, since the loan is in default it supercedes all loan clauses. Both You will have to pay any legal or repossession fees incurred by the Lender and You will have to pay the remainder of the loan balance if the proceeds from the repossession are not sufficient to pay off the loan are correct