Mortgages Analyzed
Mortgages Analyzed
Mortgages Analyzed
 
Mortgage Glossary of Legal Terms
Filter by Law Name:
324 Records found
Next 
1 ... 16
17
Previous
Page
Next
Page
Page 17 of 17

Unique Identifier

CFPB Reg H - SAFE Act, State Registration
12 CFR 1008.23

Unique identifier means a number or other identifier that:

(1) Permanently identifies a loan originator;

(2) Is assigned by protocols established by the Nationwide Mortgage Licensing System and Registry and the Bureau to facilitate electronic tracking of loan originators and uniform identification of, and public access to, the employment history of and the publicly adjudicated disciplinary and enforcement actions against loan originators; and

(3) Shall not be used for purposes other than those set forth under the S.A.F.E. Act.


 

Valuation

CFPB Reg B - Equal Credit Opportunity Act (ECOA)
12 CFR 1002.14 (b) (3)

The term "valuation" means any estimate of the value of a dwelling developed in connection with an application for credit.


 

Valuation

CFPB Reg Z - Truth in Lending Act (TILA)
12 CFR 1026.42 (b) (3)

"Valuation" means an estimate of the value of the consumer's principal dwelling in written or electronic form, other than one produced solely by an automated model or system.


 

Valuation Management Functions

CFPB Reg Z - Truth in Lending Act (TILA)
12 CFR 1026.42 (b) (4)

"Valuation management functions" means:

(i) Recruiting, selecting, or retaining a person to prepare a valuation;

(ii) Contracting with or employing a person to prepare a valuation;

(iii) Managing or overseeing the process of preparing a valuation, including by providing administrative services such as receiving orders for and receiving a valuation, submitting a completed valuation to creditors and underwriters, collecting fees from creditors and underwriters for services provided in connection with a valuation, and compensating a person that prepares valuations; or

(iv) Reviewing or verifying the work of a person that prepares valuations.


 

Browse Alphabetically
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z
0 - 9
Show All
Finance
Know all there is to know about the US Mortgage Industry. We help you to make a well informed decision.
Finance
Loan Products
Confused about the choosing right loan product for you? We help you decide the loan product that suits your needs best.
Loan Products
Documents
Here you will find all there is to know about the forms, papers & documents required for Home Loan Mortgage and much more.
Documents