CFR > Title 24 > Subtitle B > Chapter II > Subchapter B > Part 214 > Subpart A – General Program Requirements
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§ 214.1 | Purpose |
§ 214.3 | Definitions |
Terms Used In CFR > Title 24 > Subtitle B > Chapter II > Subchapter B > Part 214 > Subpart A - General Program Requirements
- Contract: A legal written agreement that becomes binding when signed.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- 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.
- Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.