Legislative written decree (rule) stipulating prescribed action and conduct designed to be in the public's best interest. Laws may cover civil and criminal matters.
Action that is beyond that allowed legally. Examples are charging illegally
high interest rate on mortgages and real estate exceeding the amount per ...
The Real Estate Settlement Procedures Act, a federal consumer protection statute first
enacted in 1974. RESPA was designed to protect home purchasers ...
Federal law comparable to state workers compensation statutes setting out liability of railroads for work-related injuries or death of their employees ...
Enumeration of the consideration given by each party to a contract which in some cases must be in written form to be enforceable. For example, the sta ...
Law in some states that permits an insurance company to deny payment of a claim resulting from an insured loss because of breach of warranty or misrep ...
time period, as established by state statute, during which a property owner can
redeem a defaulted mortgage or land contract or reclaim a foreclosed ...
A front-end ratio is a ratio of the borrowers monthly housing expenses-including principal, interest, property taxes, and insurance (OITI)-compared to ...
A quit claim deed is a formal document that denies a claim to a certain property. Often used to clear problems with a title or as part of a divorce se ...
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