§ 671 National Bison Range
§ 673 Wyoming Elk Reserve
§ 673a Addition to the Wyoming Elk Reserve
§ 673b National Elk Refuge in Wyoming
§ 673c Conservation of elk in Wyoming
§ 673d Restoration and conservation of elk in California
§ 673e Cooperation of Secretaries of the Interior, Agriculture and Defense with State of California
§ 673g Plan for elk restoration and conservation; coordination of Secretary of the Interior with Federal, State and other officers; integration with State plans
§ 674 White Horse Hill National Game Preserve
§ 674a Sullys Hill National Park; transfer of control; change of name to White Horse Hill National Game Preserve; boundaries; use by public; hunting
§ 674b White Horse Hill National Game Preserve; acquisition of additional lands
§ 674c Boundary and division fences for White Horse Hill National Game Preserve; buildings and improvements; supplies; employees
§ 674d Authorization of appropriations
§ 675 Norbeck Wildlife Preserve; establishment
§ 676 Hunting, trapping, killing, or capturing game on Norbeck Wildlife Preserve unlawful
§ 677 Inclosure of Norbeck Wildlife Preserve
§ 678 Exchange of lands with State of South Dakota and Norbeck Wildlife Preserve
§ 678a Mining locations in Norbeck Wildlife Preserve; rules and regulations
§ 678b Redefinition of western boundary of Norbeck Wildlife Preserve
§ 679 Patents to State of South Dakota of certain lands in Custer State Park; reservation of coal, oil, gas, and other mineral rights
§ 680 Game animal and bird refuge in South Dakota; establishment
§ 681 Erection of fence by South Dakota for game animal and bird refuge
§ 682 Game refuge in Ozark National Forest
§ 683 Areas set aside for protection of game and fish; unlawfully taking game or fish
§ 684 Game breeding areas in Wichita and Grand Canyon National Forests
§ 685 Hunting, trapping, killing, or capturing game in designated breeding areas unlawful
§ 686 Operation of local game laws not affected
§ 687 Grand Canyon Game Preserve included in park
§ 689 Tahquitz National Game Preserve
§ 689a Other uses of land permitted in Tahquitz National Game Preserve
§ 689b Hunting, pursuing, capturing in Tahquitz National Game Preserve unlawful
§ 689c Rules and regulations for administration of the Tahquitz Preserve; predatory animals
§ 689d Acceptance of title to privately owned lands within Tahquitz Preserve
§ 690 Bear River Migratory Bird Refuge; establishment; acquisition of lands
§ 690a Maintenance of lands acquired as refuge and breeding place for migratory birds
§ 690b Consent of Utah to acquisition of lands for Bear River Refuge; approval of title to lands acquired
§ 690c Existence of easements, reservations, or exceptions as barring acquisition of lands
§ 690d Injuries to property on Bear River Refuge; disturbance of birds, etc.; violation of regulations for use of refuge
§ 690e Enforcement of laws and regulations; warrants and processes; jurisdiction of courts; forfeiture of property captured, injured, killed or removed
§ 690f Expenditures by Secretary of the Interior for construction, maintenance, etc., of Bear River Refuge; employment of necessary means to execute functions imposed on him
§ 690g Violation of laws and regulations; penalties
§ 690h “Person” defined
§ 691 Cheyenne Bottoms Migratory Bird Refuge; location; acquisition of land
§ 691a Establishment of Cheyenne Bottoms Migratory Bird Refuge; purpose
§ 691c Acquisition of areas for Cheyenne Bottoms Refuge; title; rights-of-way, easements, and reservations
§ 691d Applicability of certain statutes
§ 692 Game sanctuaries or refuges in Ocala National Forest; creation
§ 692a Hunting, pursuing, capturing, etc., in Ocala National Forest unlawful
§ 693 Game sanctuaries and refuges in Ouachita National Forest
§ 693a Rules and regulations for administration of Ouachita National Forest; violations; penalties
§ 693b Robert S. Kerr Memorial Arboretum and Nature Center in Ouachita National Forest; authority to establish
§ 693c Administration by Secretary of Agriculture of the Robert S. Kerr Center
§ 693d Cooperation with public and private agencies; contributions and gifts for Robert S. Kerr Center
§ 694 Fish and game sanctuaries in national forests; establishment by President
§ 694a Hunting, pursuing, capturing, etc., in sanctuaries in national forests unlawful
§ 694b Rules and regulations for administration of sanctuaries in national forests; jurisdiction of States
§ 695 Migratory waterfowl and other wildlife refuge in California; participation by State of California
§ 695a Title in United States of California refuge areas; existence of easements, reservations, etc.; affecting acquisition
§ 695b Applicability of certain statutes
§ 695c Availability of funds for construction of dams, buildings, etc., for California refuge
§ 695d Development of water supplies for waterfowl management in California; reauthorization of Central Valley Project
§ 695e Construction, operation, and maintenance of water supply development works
§ 695f Construction, etc., authorized by section 695e as not reimbursable or returnable under reclamation laws
§ 695g Authorization of appropriations
§ 695h Ownership by State of California of works constructed
§ 695i Authorization of Secretary of the Interior to contract for water delivery; nonreimbursable or nonreturnable basis of delivery
§ 695j Conformity of water use with California laws; construction of sections 695d to 695j-1
§ 695j-1 Conformity of contracts with Federal law through negotiation of amendments
§ 695k Congressional declaration of policy for preservation of habitat for migratory waterfowl and prevention of depredations on agricultural crops
§ 695l Dedication of lands within boundaries of refuges to wildlife conservation; administration of lands for waterfowl management and optimum agricultural use; homestead entry prohibition; inclusion of other public lands; property of the United States
§ 695m Annual percentage payments of net revenues from leases of Klamath project lands on pro rata basis; limitation on payments; priority of use of net revenues
§ 695n Leases of Lower Klamath and Tule Lake National Wildlife Refuge reserved lands; management of other reserved public lands for waterfowl purposes
§ 695o Limitation on reduction of areas by diking or other construction
§ 695p Regulation of waters to maintain sump levels
§ 695q Research studies on Clear Lake Refuge; report to Congress
§ 695r Regulations by Secretary
§ 696 National Key Deer Refuge; establishment; acquisition of property: exchanges, cash equalization payments; administration
§ 696a Acquisition of title to properties for National Key Deer Refuge; rights-of-way and easements
§ 696b Authorization of appropriations; limitation
§ 698 Big Thicket National Preserve
§ 698a Acquisition of property for Big Thicket Preserve
§ 698b Right of use and occupancy of improved property on Big Thicket Preserve
§ 698c Administration of Big Thicket Preserve
§ 698d Review of Big Thicket Preserve area by Secretary; report to President
§ 698e Authorization of appropriations for Big Thicket Preserve
§ 698f Big Cypress National Preserve; Big Cypress National Preserve Addition
§ 698g Acquisition of lands for Big Cypress Preserve
§ 698h Right of use and occupancy of improved property on Big Cypress Preserve and Addition
§ 698i Administration of Big Cypress Preserve; applicability of other laws; rules and regulations for use of lands and waters; transportation facilities; consultation and cooperation with Secretary of Transportation
§ 698j Hunting, fishing, and trapping in Big Cypress Preserve and Addition authorized in accordance with applicable Federal and State laws; consultation with appropriate State agency prior to implementation of regulations restricting activities; land use and re
§ 698k Contracts for providing visitor services in Big Cypress Preserve and Addition; right of first refusal to Miccosukee and Seminole Tribes
§ 698l Review of Big Cypress Preserve area and Addition area by Secretary; report to President
§ 698m Authorization of appropriations for Big Cypress Preserve and Addition
§ 698m-1 Big Cypress National Preserve Addition
§ 698m-2 Establishment of recreational access points, roads, etc., in conjunction with creation of Big Cypress National Preserve Addition; cooperation among agencies
§ 698m-3 Status of Big Cypress National Preserve and Addition; report to Congress; plan
§ 698m-4 Oil and gas exploration, development, and production in Big Cypress National Preserve and Addition
§ 698n Timucuan Ecological and Historic Preserve
§ 698o Protection of significant historic assets
§ 698p Integrated administration and interpretation
§ 698q Little River Canyon National Preserve; establishment
§ 698r Administration
§ 698s Acquisition
§ 698t Authorization of appropriations
§ 698u Tallgrass Prairie National Preserve: findings and purposes
§ 698u-1 Definitions
§ 698u-2 Establishment of Tallgrass Prairie National Preserve
§ 698u-3 Administration of National Preserve
§ 698u-4 Limited authority to acquire
§ 698u-5 Advisory Committee
§ 698u-6 Restriction on authority
§ 698u-7 Authorization of appropriations
§ 698v-11 Valles Caldera National Preserve, New Mexico
§ 698w Special management requirements for Federal lands recently added to Craters of the Moon National Monument, Idaho

Terms Used In U.S. Code > Title 16 > Chapter 6

  • account: means a demand deposit, savings deposit, or other asset account (other than an occasional or incidental credit balance in an open end credit plan as defined in section 1602(i) 1 of this title), as described in regulations of the Bureau, established primarily for personal, family, or household purposes, but such term does not include an account held by a financial institution pursuant to a bona fide trust agreement. See 15 USC 1693a
  • Administration: means the Small Business Administration. See 15 USC 662
  • Administrator: means the Administrator of the Small Business Administration. See 15 USC 662
  • Administrator: means the Administrator of the Environmental Protection Agency. See 15 USC 2602
  • Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
  • Amortization: Paying off a loan by regular installments.
  • Annual percentage rate: The cost of credit at a yearly rate. It is calculated in a standard way, taking the average compound interest rate over the term of the loan so borrowers can compare loans. Lenders are required by law to disclose a card account's APR. Source: FDIC
  • Appellate: About appeals; an appellate court has the power to review the judgement of another lower court or tribunal.
  • Arrest: Taking physical custody of a person by lawful authority.
  • articles: means articles of incorporation for an incorporated body and means the functional equivalent or other similar documents specified by the Administrator for other business entities. See 15 USC 662
  • bid bond: means a bond conditioned upon the bidder on a contract entering into the contract, if he receives the award thereof, and furnishing the prescribed payment bond and performance bond. See 15 USC 694a
  • Board: means the Board of Governors of the Federal Reserve System. See 15 USC 1693a
  • Budget authority: Authority provided by law to enter into obligations that will result in outlays of Federal funds. Budget authority may be classified by the period of availability (one-year, multiyear, no-year), by the timing of congressional action (current or permanent), or by the manner of determining the amount available (definite or indefinite).
  • Bureau: means the Bureau of Consumer Financial Protection. See 15 USC 1692a
  • Bureau: means the Bureau of Consumer Financial Protection. See 15 USC 1693a
  • business day: means any day on which the offices of the consumer's financial institution involved in an electronic fund transfer are open to the public for carrying on substantially all of its business functions. See 15 USC 1693a
  • chemical substance: means any organic or inorganic substance of a particular molecular identity, including--

    (i) any combination of such substances occurring in whole or in part as a result of a chemical reaction or occurring in nature, and

    (ii) any element or uncombined radical. See 15 USC 2602

  • commerce: means trade, traffic, transportation, or other commerce (A) between a place in a State and any place outside of such State, or (B) which affects trade, traffic, transportation, or commerce described in clause (A). See 15 USC 2602
  • Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
  • communication: means the conveying of information regarding a debt directly or indirectly to any person through any medium. See 15 USC 1692a
  • conditions of use: means the circumstances, as determined by the Administrator, under which a chemical substance is intended, known, or reasonably foreseen to be manufactured, processed, distributed in commerce, used, or disposed of. See 15 USC 2602
  • consumer: means any natural person obligated or allegedly obligated to pay any debt. See 15 USC 1692a
  • consumer: means a natural person. See 15 USC 1693a
  • Credit report: A detailed report of an individual's credit history prepared by a credit bureau and used by a lender in determining a loan applicant's creditworthiness. Source: OCC
  • Credit Score: A number, roughly between 300 and 800, that measures an individual's credit worthiness. The most well-known type of credit score is the FICO score. This score represents the answer from a mathematical formula that assigns numerical values to various pieces of information in your credit report. Source: OCC
  • creditor: means any person who offers or extends credit creating a debt or to whom a debt is owed, but such term does not include any person to the extent that he receives an assignment or transfer of a debt in default solely for the purpose of facilitating collection of such debt for another. See 15 USC 1692a
  • debt: means any obligation or alleged obligation of a consumer to pay money arising out of a transaction in which the money, property, insurance, or services which are the subject of the transaction are primarily for personal, family, or household purposes, whether or not such obligation has been reduced to judgment. See 15 USC 1692a
  • debt collector: means any person who uses any instrumentality of interstate commerce or the mails in any business the principal purpose of which is the collection of any debts, or who regularly collects or attempts to collect, directly or indirectly, debts owed or due or asserted to be owed or due another. See 15 USC 1692a
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Dependent: A person dependent for support upon another.
  • Devise: To gift property by will.
  • discharged: means released from an appointment as a Reserve officer. See 14 USC 3731
  • distribution in commerce: when used to describe an action taken with respect to a chemical substance or mixture or article containing a substance or mixture mean to sell, or the sale of, the substance, mixture, or article in commerce. See 15 USC 2602
  • Docket: A log containing brief entries of court proceedings.
  • electronic fund transfer: means any transfer of funds, other than a transaction originated by check, draft, or similar paper instrument, which is initiated through an electronic terminal, telephonic instrument, or computer or magnetic tape so as to order, instruct, or authorize a financial institution to debit or credit an account. See 15 USC 1693a
  • Electronic funds transfer: The transfer of money between accounts by consumer electronic systems-such as automated teller machines (ATMs) and electronic payment of bills-rather than by check or cash. (Wire transfers, checks, drafts, and paper instruments do not fall into this category.) Source: OCC
  • electronic terminal: means an electronic device, other than a telephone operated by a consumer, through which a consumer may initiate an electronic fund transfer. See 15 USC 1693a
  • Energy Saving qualified investment: means investment in a small business concern that is primarily engaged in researching, manufacturing, developing, or providing products, goods, or services that reduce the use or consumption of non-renewable energy resources. See 15 USC 662
  • environment: includes water, air, and land and the interrelationship which exists among and between water, air, and land and all living things. See 15 USC 2602
  • Escrow: Money given to a third party to be held for payment until certain conditions are met.
  • Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
  • Federal question: Jurisdiction given to federal courts in cases involving the interpretation and application of the U.S. Constitution, acts of Congress, and treaties.
  • Finance charge: The total cost of credit a customer must pay on a consumer loan, including interest. The Truth in Lending Act requires disclosure of the finance charge. Source: OCC
  • financial institution: means a State or National bank, a State or Federal savings and loan association, a mutual savings bank, a State or Federal credit union, or any other person who, directly or indirectly, holds an account belonging to a consumer. See 15 USC 1693a
  • 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).
  • 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
  • Fraud Alert: A key provision of the Fair and Accurate Credit Transactions Act of 2003 is the consumer's ability to place a fraud alert on their credit record. A consumer would use this option if they believe they were a victim of identity theft. Source: OCC
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Grace period: The number of days you'll have to pay your bill for purchases in full without triggering a finance charge. Source: Federal Reserve
  • Grand jury: agreement providing that a lender will delay exercising its rights (in the case of a mortgage,
  • Grantor: The person who establishes a trust and places property into it.
  • Guarantor: A party who agrees to be responsible for the payment of another party's debts should that party default. Source: OCC
  • Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
  • guidance: means any significant written guidance of general applicability prepared by the Administrator. See 15 USC 2602
  • Impeachment: (1) The process of calling something into question, as in "impeaching the testimony of a witness." (2) The constitutional process whereby the House of Representatives may "impeach" (accuse of misconduct) high officers of the federal government for trial in the Senate.
  • Indemnification: In general, a collateral contract or assurance under which one person agrees to secure another person against either anticipated financial losses or potential adverse legal consequences. Source: FDIC
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • leverage: includes --

    (A) debentures purchased or guaranteed by the Administration. See 15 USC 662

  • license: means a license issued by the Administration as provided in section 681 of this title. See 15 USC 662
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • limited liability company: means a business entity that is organized and operating in accordance with a State limited liability company statute approved by the Administration. See 15 USC 662
  • location information: means a consumer's place of abode and his telephone number at such place, or his place of employment. See 15 USC 1692a
  • manufacture: means to import into the customs territory of the United States (as defined in general note 2 of the Harmonized Tariff Schedule of the United States), produce, or manufacture. See 15 USC 2602
  • member: means , with respect to a licensee that is a limited liability company, a holder of an ownership interest or a person otherwise admitted to membership in the limited liability company. See 15 USC 662
  • Minimum finance charge: The minimum, or fixed, finance charge that will be imposed during a billing cycle. A minimum finance charge usually applies only when a finance charge is imposed, that is, when you carry over a balance. Source: Federal Reserve
  • mixture: means any combination of two or more chemical substances if the combination does not occur in nature and is not, in whole or in part, the result of a chemical reaction. See 15 USC 2602
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Mortgage loan: A loan made by a lender to a borrower for the financing of real property. Source: OCC
  • National Bank: A bank that is subject to the supervision of the Comptroller of the Currency. The Office of the Comptroller of the Currency is a bureau of the U.S. Treasury Department. A national bank can be recognized because it must have "national" or "national association" in its name. Source: OCC
  • 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
  • new chemical substance: means any chemical substance which is not included in the chemical substance list compiled and published under section 2607(b) of this title. See 15 USC 2602
  • obligee: means (A) in the case of a bid bond, the person requesting bids for the performance of a contract, or (B) in the case of a payment bond or performance bond, the person who has contracted with a principal for the completion of the contract and to whom the obligation of the surety runs in the event of a breach by the principal of the conditions of a payment bond or performance bond. See 15 USC 694a
  • Open-end credit: A credit agreement (typically a credit card) that allows a customer to borrow against a preapproved credit line when purchasing goods and services. The borrower is only billed for the amount that is actually borrowed plus any interest due. (Also called a charge account or revolving credit.) Source: OCC
  • payment bond: means a bond conditioned upon the payment by the principal of money to persons under contract with him. See 15 USC 694a
  • performance bond: means a bond conditioned upon the completion by the principal of a contract in accordance with its terms. See 15 USC 694a
  • Personal property: All property that is not real property.
  • Plaintiff: The person who files the complaint in a civil lawsuit.
  • potentially exposed or susceptible subpopulation: means a group of individuals within the general population identified by the Administrator who, due to either greater susceptibility or greater exposure, may be at greater risk than the general population of adverse health effects from exposure to a chemical substance or mixture, such as infants, children, pregnant women, workers, or the elderly. See 15 USC 2602
  • Power of attorney: A written instrument which authorizes one person to act as another's agent or attorney. The power of attorney may be for a definite, specific act, or it may be general in nature. The terms of the written power of attorney may specify when it will expire. If not, the power of attorney usually expires when the person granting it dies. Source: OCC
  • preauthorized electronic fund transfer: means an electronic fund transfer authorized in advance to recur at substantially regular intervals. See 15 USC 1693a
  • Preauthorized electronic fund transfers: An EFT authorized in advance to recur at substantially regular intervals. Source: OCC
  • Precedent: A court decision in an earlier case with facts and law similar to a dispute currently before a court. Precedent will ordinarily govern the decision of a later similar case, unless a party can show that it was wrongly decided or that it differed in some significant way.
  • prime contractor: means the person with whom the obligee has contracted to perform the contract. See 15 USC 694a
  • principal: means (A) in the case of a bid bond, a person bidding for the award of a contract, or (B) the person primarily liable to complete a contract for the obligee, or to make payments to other persons in respect of such contract, and for whose performance of his obligation the surety is bound under the terms of a payment or performance bond. See 15 USC 694a
  • Probable cause: A reasonable ground for belief that the offender violated a specific law.
  • Probation: A sentencing alternative to imprisonment in which the court releases convicted defendants under supervision as long as certain conditions are observed.
  • process: means the preparation of a chemical substance or mixture, after its manufacture, for distribution in commerce--

    (A) in the same form or physical state as, or in a different form or physical state from, that in which it was received by the person so preparing such substance or mixture, or

    (B) as part of an article containing the chemical substance or mixture. See 15 USC 2602

  • processor: means any person who processes a chemical substance or mixture. See 15 USC 2602
  • protocols and methodologies for the development of information: means a prescription of--

    (A) the--

    (i) health and environmental effects, and

    (ii) information relating to toxicity, persistence, and other characteristics which affect health and the environment,


    for which information for a chemical substance or mixture are to be developed and any analysis that is to be performed on such information, and

    (B) to the extent necessary to assure that information respecting such effects and characteristics are reliable and adequate--

    (i) the manner in which such information are 2 to be developed,

    (ii) the specification of any test protocol or methodology to be employed in the development of such information, and

    (iii) such other requirements as are necessary to provide such assurance. See 15 USC 2602

  • Real Estate Settlement Procedures Act: Federal law that, among other things, requires lenders to provide "good faith" estimates of settlement costs and make other disclosures regarding the mortgage loan. RESPA also limits the amount of funds held in escrow for real estate taxes and insurance. Source: OCC
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Rescission: The cancellation of budget authority previously provided by Congress. The Impoundment Control Act of 1974 specifies that the President may propose to Congress that funds be rescinded. If both Houses have not approved a rescission proposal (by passing legislation) within 45 days of continuous session, any funds being withheld must be made available for obligation.
  • Reserve officer: means a commissioned officer in the Reserve, except an officer excluded by section 3732 of this title or a commissioned warrant officer. See 14 USC 3731
  • Right of rescission: Right to cancel, within three business days, a contract that uses the home of a person as collateral, except in the case of a first mortgage loan. There is no fee to the borrower, who receives a full refund of all fees paid. The right of rescission is guaranteed by the Truth in Lending Act (TILA). Source: OCC
  • small business concern: means a business concern that meets the size standard for the primary industry in which such business concern, and the affiliates of such business concern, is engaged, as determined by the Administrator in accordance with the North American Industry Classification System. See 15 USC 694a
  • smaller enterprise: means any small business concern that, together with its affiliates--

    (A) has--

    (i) a net financial worth of not more than $6,000,000, as of the date on which assistance is provided under this chapter to that business concern. See 15 USC 662

  • State: includes the several States, the territories and possessions of the United States, the Commonwealth of Puerto Rico, and the District of Columbia. See 15 USC 662
  • State: means any State of the United States, the District of Columbia, the Commonwealth of Puerto Rico, the Virgin Islands, Guam, the Canal Zone, American Samoa, the Northern Mariana Islands, or any other territory or possession of the United States. See 15 USC 2602
  • State: means any State, territory, or possession of the United States, the District of Columbia, the Commonwealth of Puerto Rico, or any political subdivision of any of the foregoing. See 15 USC 1692a
  • State: means any State, territory, or possession of the United States, the District of Columbia, the Commonwealth of Puerto Rico, or any political subdivision of any of the foregoing. See 15 USC 1693a
  • subcontractor: means a person who has contracted with a prime contractor or with another subcontractor to perform a contract. See 15 USC 694a
  • subscription: includes a mark when the person making the same intended it as such. See 1 USC 1
  • surety: means the person who (A) under the terms of a bid bond, undertakes to pay a sum of money to the obligee in the event the principal breaches the conditions of the bond, (B) under the terms of a performance bond, undertakes to incur the cost of fulfilling the terms of a contract in the event the principal breaches the conditions of the contract, (C) under the terms of a payment bond, undertakes to make payment to all persons supplying labor and material in the prosecution of the work provided for in the contract if the principal fails to make prompt payment, or (D) is an agent, independent agent, underwriter, or any other company or individual empowered to act on behalf of such person. See 15 USC 694a
  • third party debt: means any indebtedness for borrowed money, other than indebtedness owed to the Administration. See 15 USC 662
  • Tort: A civil wrong or breach of a duty to another person, as outlined by law. A very common tort is negligent operation of a motor vehicle that results in property damage and personal injury in an automobile accident.
  • unauthorized electronic fund transfer: means an electronic fund transfer from a consumer's account initiated by a person other than the consumer without actual authority to initiate such transfer and from which the consumer receives no benefit, but the term does not include any electronic fund transfer (A) initiated by a person other than the consumer who was furnished with the card, code, or other means of access to such consumer's account by such consumer, unless the consumer has notified the financial institution involved that transfers by such other person are no longer authorized, (B) initiated with fraudulent intent by the consumer or any person acting in concert with the consumer, or (C) which constitutes an error committed by a financial institution. See 15 USC 1693a
  • underlicensed State: means a State in which the number of licensees per capita is less than the median number of licensees per capita for all States, as calculated by the Administrator. See 15 USC 662
  • United States: when used in the geographic sense, means all of the States. See 15 USC 2602
  • Variable Rate: Having a "variable" rate means that the APR changes from time to time based on fluctuations in an external rate, normally the Prime Rate. This external rate is known as the "index." If the index changes, the variable rate normally changes. Also see Fixed Rate.