Can a mortgage contract be void if currency changes?

It's an actual dollar amount. A mortgage contract would not be voided because the contract is in the promissory note, Dias said. That promissory note states the money was loaned in U.S. dollar bills and is to be repaid in U.S. dollar bills. If the currency changes, the bank would have to amend the promissory note, not void the contract.

What happens if you transfer your mortgage to a digital currency?

“If on Monday we begin transfer to a digital currency, your mortgage contract is null and void because the bank cannot change currency,” one user says in a brief clip that has been liked or shared on Facebook more than 250,000 times as of Thursday.

Can a mortgage be voided if banks switch currency?

"If the banks switch their currency, that is breach of contract," the woman says. Amrish Dias, producing branch manager at Cardinal Financial Company, a nationwide mortgage lender, told Lead Stories via telephone on April 24, 2023, that the claim that a mortgage could be voided if banks "switch currency" is false: