CFR > Title 7 > Subtitle A > Part 15b > Subpart E – Postsecondary Education
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Terms Used In CFR > Title 7 > Subtitle A > Part 15b > Subpart E - Postsecondary Education
- 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
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- mortgage: as used in this part , except § 203. See 24 CFR 203.17
- 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.
- Subpoena: A command to a witness to appear and give testimony.