Terms Used In Ohio Code 4710.03

• Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
• Debt adjusting: means doing business in debt adjusting, budget counseling, debt management, or debt pooling service, or holding oneself out, by words of similar import, as providing services to debtors in the management of their debts, to do either of the following:

  (1) To effect the adjustment, compromise, or discharge of any account, note, or other indebtedness of the debtor;

  (2) To receive from the debtor and disburse to the debtor's creditors any money or other thing of value. See Ohio Code 4710.01

• Federal Deposit Insurance Corporation: A government corporation that insures the deposits of all national and state banks that are members of the Federal Reserve System. ^{Source: OCC}
• Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
• 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}
• Person: includes individuals, partnerships, associations, corporations, trusts, and other legal entities. See Ohio Code 4710.01
• state: means the state of Ohio. See Ohio Code 1.59