CFR > Title 38 > Chapter I > Part 36 > Subpart F – Covid-19 Recovery Measures
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Terms Used In CFR > Title 38 > Chapter I > Part 36 > Subpart F - Covid-19 Recovery Measures
- Escrow: Money given to a third party to be held for payment until certain conditions are met.
- 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
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
