Terms Used In CFR > Title 24 > Subtitle B > Chapter II > Subchapter B > Part 246 > Subpart C - Subsidized Insured Projects

• Contract: A legal written agreement that becomes binding when signed.
• 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.
• Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.