The lending company in home financing loan relationship. See also Mortgagee/Loss Payee.
The debtor in home financing loan relationship. (home can be used as security in order to make re payment. )
A fund operated by a good investment business that raises money from investors and invests it in shares, bonds, options, commodities, or cash market securities. These funds provide investors the advantages of diversification and management that is professional. To engage, the investor might spend charges and costs. (shared funds aren’t included in FDIC insurance coverage). See investment that is also collective.
A bank that is susceptible to the guidance associated with Comptroller for the Currency. Any office of the Comptroller for the Currency is really a bureau for the U.S. Treasury Department. A nationwide bank can be recognized given that it will need to have «national» or «national relationship» with its title. See additionally Whom Regulates My Bank?
A worker regarding the Comptroller of this money whose function is always to examine federally chartered finance institutions. Examiners assess bank tasks and administration processes to make sure national banking institutions operate in a safe and sound way and conform to legal guidelines.
The Federal agency that is regulatory charters and supervises Federal credit unions. (NCUA additionally administers the nationwide Credit Union Share Insurance Fund, which insures the build up of Federal credit unions).
See additionally Whom Regulates My Bank?
This system of flooding insurance coverage floodplain and coverage management administered beneath the Flood Disaster Protection Act (FDPA or Act) and relevant Federal laws discovered in Title 44 associated with Code of Federal Regulations, Subchapter B. See also Flood Insurance.
A family savings from where withdrawals could be produced by negotiable sales of withdrawal (functional exact carbon copy of checks). This might http://www.speedyloan.net/title-loans-va/ be an interest-bearing account fully for that the bank must reserve the best to need the depositor to offer at the least a week notice of his/her intent to withdraw funds. See additionally NOW Account.
There are numerous kinds of Federal benefits that aren’t immediately protected under 31CFR 212: Federal advantages gotten by check in place of direct deposit; Federal advantages received significantly more than 2 months ahead of the bank received the garnishment purchase or Federal advantages which were utilized in another banking account. The huge benefits might be exempt from garnishment however you will need certainly to alert the court or creditor. See also Garnishments.
A check drawn for a bank and finalized by a certified bank official. (also referred to as a cashier’s check. )
Banking institutions’ right in law to seize funds that a debtor or guarantor might have on deposit to cover a loan in default. Additionally it is called right of setoff See also Right of Offset.
A site that enables a free account owner to acquire account information and manage particular banking transactions through your own computer through the standard bank’s site on the web. (this is certainly also called Web or electronic banking. )
A credit contract (typically a charge card) which allows a person to borrow on a credit that is preapproved when buying products and solutions. The borrower is just billed for the quantity this is certainly actually lent plus any interest due. (also known as a cost account or revolving credit. ) See additionally bank card – Open End Credit and Residence Equity credit line – Open End Credit.
National banking institutions conduct a number of their banking tasks through organizations called running subsidiaries. These subsidiaries are businesses which can be owned or managed by way of a bank that is national that, among other items, offer banking services and products such as for instance loans, mortgages, and leases.
The Office associated with Comptroller associated with the Currency supervises and regulates the actions of several of the running subsidiaries. See additionally National Bank and Federal Savings Organization Working Subsidiary List.
A check compiled by a depositor which includes maybe perhaps perhaps not yet been presented for re re payment to or compensated by the depositor’s bank.
As soon as the amount of cash withdrawn from a bank-account is more than the total amount really obtainable in the account, the surplus is called an overdraft, and also the account is reported to be overdrawn. See additionally Overdrafts.
To publish a check for a sum that surpasses the quantity on deposit when you look at the account.
An credit that is open-end in which the assigned buck limitation happens to be surpassed. See additionally Overlimit.
A residential area which is why the Federal crisis Management Agency (FEMA) has authorized the purchase of flooding insurance coverage beneath the National Flood Insurance Program (NFIP). See also Participating Community.
A guide in ledger kind in which are recorded all deposits, withdrawals, and profits of an individual’s checking account. See additionally Passbook.
Any note or other time tool of indebtedness which have maybe perhaps maybe not been compensated in the deadline.
A small-dollar, short-term loan that a debtor guarantees to settle out of their next paycheck or deposit of funds.