§ 221 Definitions
§ 221a Additional definitions
§ 222 Federal reserve districts; membership of national banks
§ 223 Number of Federal reserve cities in district
§ 224 Status of reserve cities under former statutes
§ 225 Federal reserve banks; title
§ 225a Maintenance of long run growth of monetary and credit aggregates
§ 225b Appearances before and reports to the Congress
§ 226 “Federal Reserve Act”
§ 227 “Banking Act of 1933”
§ 228 “Banking Act of 1935”

Terms Used In U.S. Code > Title 12 > Chapter 3 > Subchapter I

  • continental United States: means the States of the United States and the District of Columbia. See
  • county: includes a parish, or any other equivalent subdivision of a State or Territory of the United States. See
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Fixed Rate: Having a "fixed" rate means that the APR doesn't change based on fluctuations of some external rate (such as the "Prime Rate"). In other words, a fixed rate is a rate that is not a variable rate. A fixed APR can change over time, in several circumstances:
    • You are late making a payment or commit some other default, triggering an increase to a penalty rate
    • The bank changes the terms of your account and you do not reject the change.
    • The rate expires (if the rate was fixed for only a certain period of time).
  • Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
  • 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.
  • National Credit Union Administration: The federal regulatory agency that charters and supervises federal credit unions. (NCUA also administers the National Credit Union Share Insurance Fund, which insures the deposits of federal credit unions.) Source: OCC
  • Subpoena: A command to a witness to appear and give testimony.
  • Subpoena duces tecum: A command to a witness to produce documents.
  • Testimony: Evidence presented orally by witnesses during trials or before grand juries.
  • Truth in Lending Act: The Truth in Lending Act is a federal law that requires lenders to provide standardized information so that borrowers can compare loan terms. In general, lenders must provide information on Source: OCC
  • Uniform Commercial Code: A set of statutes enacted by the various states to provide consistency among the states' commercial laws. It includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and bills of lading. Source: OCC
  • Venue: The geographical location in which a case is tried.