§ 107.600 General requirement for Licensee to maintain and preserve records
§ 107.610 Required certifications for Loans and Investments
§ 107.620 Requirements to obtain information from Portfolio Concerns

Terms Used In CFR > Title 13 > Chapter I > Part 107 > Subpart F > Recordkeeping Requirements for Licensees

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Escrow: Money given to a third party to be held for payment until certain conditions are met.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • you: as used in this part 107 means a Licensee or license applicant, as appropriate, unless otherwise noted. See 13 CFR 107.40