Nebraska Statutes 58-218. Mortgage loan, defined
Current as of: 2023 | Check for updates
|
Other versions
Mortgage loan shall mean an interest-bearing obligation which may be secured by a mortgage or such other security as the authority deems appropriate.
Terms Used In Nebraska Statutes 58-218
- Authority: shall mean the Nebraska Investment Finance Authority. See Nebraska Statutes 58-209
- Loan: shall mean any lending arrangement pursuant to a financing agreement. See Nebraska Statutes 58-215
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Mortgage: shall mean a mortgage deed, deed of trust, or other instrument securing a mortgage loan and constituting a lien on real property held in fee simple or on a leasehold under a lease having a remaining term at the time such mortgage is acquired of not less than the term for repayment of the mortgage loan secured by such mortgage which is improved by residential housing. See Nebraska Statutes 58-217
- 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.