CFR > Title 24 > Subtitle B > Chapter II > Subchapter B > Part 203 > Subpart B > Mortgages on Property Located on Indian Land
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| § 203.438 | Mortgages on Indian land insured pursuant to section 248 of the National Housing Act |
Terms Used In CFR > Title 24 > Subtitle B > Chapter II > Subchapter B > Part 203 > Subpart B > Mortgages on Property Located on Indian Land
- Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
- 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
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- 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.