CFR > Title 7 > Subtitle B > Chapter VII > Subchapter D > Part 764 > Subpart B – Loan Application Process
Current as of: 2024 | Check for updates
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Other versions
§ 764.51 | Loan application |
§ 764.52 | Processing an incomplete application |
§ 764.53 | Processing the complete application |
§ 764.54 | Preferences when there is limited funding |
Terms Used In CFR > Title 7 > Subtitle B > Chapter VII > Subchapter D > Part 764 > Subpart B - Loan Application Process
- Chambers: A judge's office.
- Contract: A legal written agreement that becomes binding when signed.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Credit report: A detailed report of an individual's credit history prepared by a credit bureau and used by a lender in determining a loan applicant's creditworthiness. Source: OCC
- Credit Score: A number, roughly between 300 and 800, that measures an individual's credit worthiness. The most well-known type of credit score is the FICO score. This score represents the answer from a mathematical formula that assigns numerical values to various pieces of information in your credit report. Source: OCC
- Dependent: A person dependent for support upon another.
- Donor: The person who makes a gift.
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- 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.
- Public law: A public bill or joint resolution that has passed both chambers and been enacted into law. Public laws have general applicability nationwide.