Terms Used In California Codes > Financial Code > Division 5 > Chapter 11 > Article 6 - Conduct of Credit Union Business

• Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
• department: means State Department of Health Services. See California Health and Safety Code 20
• Forbearance: A means of handling a delinquent loan. A
• 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}
• Person: means any person, firm, association, organization, partnership, business trust, corporation, limited liability company, or company. See California Health and Safety Code 19
• State: means the State of California, unless applied to the different parts of the United States. See California Health and Safety Code 23
• Statute: A law passed by a legislature.