CFR > Title 12 > Chapter XII > Subchapter B > Part 1234 > Subpart C – Transfer of Risk Retention
Current as of: 2024 | Check for updates
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§ 1234.11 | Allocation of risk retention to an originator |
§ 1234.12 | Hedging, transfer and financing prohibitions |
Terms Used In CFR > Title 12 > Chapter XII > Subchapter B > Part 1234 > Subpart C - Transfer of Risk Retention
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
- 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.
- Recourse: An arrangement in which a bank retains, in form or in substance, any credit risk directly or indirectly associated with an asset it has sold (in accordance with generally accepted accounting principles) that exceeds a pro rata share of the bank's claim on the asset. If a bank has no claim on an asset it has sold, then the retention of any credit risk is recourse. Source: FDIC