CFR > Title 40 > Chapter I > Subchapter R > Part 745 > Subpart F – Disclosure of Known Lead-Based Paint And/Or Lead-Based Paint Hazards Upon Sale or Lease of Residential Property
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Terms Used In CFR > Title 40 > Chapter I > Subchapter R > Part 745 > Subpart F - Disclosure of Known Lead-Based Paint And/Or Lead-Based Paint Hazards Upon Sale or Lease of Residential Property
- Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
- Contract: A legal written agreement that becomes binding when signed.
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Mortgagee: The person to whom property is mortgaged and who has loaned the money.
- Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.