CFR > Title 24 > Subtitle B > Chapter II > Subchapter B > Part 202 > Subpart C – Title I and Title II Specific Requirements
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Other versions
§ 202.11 | Title I |
§ 202.12 | Title II |
Terms Used In CFR > Title 24 > Subtitle B > Chapter II > Subchapter B > Part 202 > Subpart C - Title I and Title II Specific Requirements
- Contract: A legal written agreement that becomes binding when signed.
- 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
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Mortgage loan: A loan made by a lender to a borrower for the financing of real property. Source: OCC
- Mortgagee: The person to whom property is mortgaged and who has loaned the money.