24 CFR Part 52 – Intergovernmental Review of Department of Housing and Urban Development Programs and Activities
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Terms Used In 24 CFR Part 52 - Intergovernmental Review of Department of Housing and Urban Development Programs and Activities
- 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.
- Continuance: Putting off of a hearing ot trial until a later time.
- Deed: The legal instrument used to transfer title in real property from one person to another.
- 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
- Usury: Charging an illegally high interest rate on a loan. Source: OCC