12 CFR Part 627 – Title IV Conservators, Receivers, and Voluntary Liquidations
Current as of: 2024 | Check for updates
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Subpart A | General |
Subpart B | Receivers and Receiverships |
Subpart C | Conservators and Conservatorships |
Subpart D | Voluntary Liquidation |
Terms Used In 12 CFR Part 627 - Title IV Conservators, Receivers, and Voluntary Liquidations
- Adjourn: A motion to adjourn a legislative chamber or a committee, if passed, ends that day's session.
- administrative offset: includes , but is not limited to, the offset of Federal salary, vendor, retirement, and Social Security benefit payments. See 31 CFR 5.1
- Advice and consent: Under the Constitution, presidential nominations for executive and judicial posts take effect only when confirmed by the Senate, and international treaties become effective only when the Senate approves them by a two-thirds vote.
- Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
- Allegation: something that someone says happened.
- Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
- centralized offset: refer to the process by which the Treasury Department's Financial Management Service offsets Federal payments through the Treasury Offset Program. See 31 CFR 5.1
- Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
- Credit bureau: An agency that collects individual credit information and sells it for a fee to creditors so they can make a decision on granting loans. Typical clients include banks, mortgage lenders, credit card companies, and other financing companies. (Also commonly referred to as consumer-reporting agency or credit-reporting agency.) Source: OCC
- Docket: A log containing brief entries of court proceedings.
- Fee simple: Absolute title to property with no limitations or restrictions regarding the person who may inherit it.
- Garnishment: Generally, garnishment is a court proceeding in which a creditor asks a court to order a third party who owes money to the debtor or otherwise holds assets belonging to the debtor to turn over to the creditor any of the debtor
- Grantor: The person who establishes a trust and places property into it.
- Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants.
- Oath: A promise to tell the truth.
- Outlays: Outlays are payments made (generally through the issuance of checks or disbursement of cash) to liquidate obligations. Outlays during a fiscal year may be for payment of obligations incurred in prior years or in the same year.
- Personal property: All property that is not real property.
- Pleadings: Written statements of the parties in a civil case of their positions. In the federal courts, the principal pleadings are the complaint and the answer.
- Recess: A temporary interruption of the legislative business.
- Service of process: The service of writs or summonses to the appropriate party.
- Testify: Answer questions in court.
- Testimony: Evidence presented orally by witnesses during trials or before grand juries.
- Trustee: A person or institution holding and administering property in trust.