Federal law that requires administrators of pension plans with more than 25 participants to file a plan description with the U.S. Department of Labor. ...
A mortgage set up as a line of credit against which a borrower can draw up to a maximum amount, as opposed to a loan for a fixed dollar amount. Intere ...
An independent contractor who offers the loan products of multiple lenders,
called wholesalers. Mortgage brokers do not lend. They counsel borrowers ...
A written statement of a borrower's rights under the Truth-in-Lending Law or a statement of all financing charges, which must be disclosed by a lender ...
The difference between the price posted to its loan officers by a lender or mortgage
broker and the price charged the borrower. Loan officers who wor ...
Unfair trade practice, in insurance, whereby an agent or broker attempts to persuade a life insurance policyholder through misrepresentation to cancel ...
A condominium is a form of home ownership in which the owner owns the airspace within the walls but doesn't own the actual walls, ceilings, or floors ...
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