CFR > Title 24 > Subtitle B > Chapter II > Subchapter B > Part 203 > Subpart B > Forbearance Relief for Military Personnel
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§ 203.345 | Postponement of principal payments–mortgagors in military service |
§ 203.346 | Postponement of foreclosure–mortgagors in military service |
Terms Used In CFR > Title 24 > Subtitle B > Chapter II > Subchapter B > Part 203 > Subpart B > Forbearance Relief for Military Personnel
- Amortization: Paying off a loan by regular installments.
- Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
- Contract: A legal written agreement that becomes binding when signed.
- Forbearance: A means of handling a delinquent loan. A
- 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
- Fraud: Intentional deception resulting in injury to another.
- mortgage: as used in this part , except § 203. See 24 CFR 203.17
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Mortgagee: The person to whom property is mortgaged and who has loaned the money.
- Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.