CFR > Title 13 > Chapter I > Part 108 > Subpart E – Evaluation and Selection of Nmvc Companies
Current as of: 2024 | Check for updates
|
Other versions
| § 108.340 | Evaluation and selection–general |
| § 108.350 | Eligibility and completeness |
| § 108.360 | Evaluation criteria |
| § 108.370 | Conditional approval |
| § 108.380 | Final approval as a NMVC Company |
Terms Used In CFR > Title 13 > Chapter I > Part 108 > Subpart E - Evaluation and Selection of Nmvc Companies
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
- Appraisal: A determination of property value.
- Contract: A legal written agreement that becomes binding when signed.
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Mortgagee: The person to whom property is mortgaged and who has loaned the money.
- Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.