CFR > Title 49 > Subtitle A > Part 22 > Subpart B – Policies Applying to Stlp Loans
Current as of: 2024 | Check for updates
|
Other versions
§ 22.11 | Eligibility criteria |
§ 22.13 | Loan terms and conditions |
§ 22.15 | Delinquency on Federal, State, or Municipality Debt |
§ 22.17 | Compliance with child support obligations |
§ 22.19 | Credit criteria |
Terms Used In CFR > Title 49 > Subtitle A > Part 22 > Subpart B - Policies Applying to Stlp Loans
- 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
- Escrow: Money given to a third party to be held for payment until certain conditions are met.
- 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
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- Lien: A claim against real or personal property in satisfaction of a debt.
- 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.