Mortgage Banker - Law Dictionary Search Results
mortgage banker
Matched in: Term mortgage banker
interest
the highest rate allowed [proposals to increase the legal interest on department store credit cards to 15% "American Banker"] ;also : interest computed at such a rate [awarded the defendant legal interest] compare usury qualified residence interest … that exists by contract as security for payment or performance of an obligation [the security interest of a mortgagee in the mortgaged property] ;also : lien NOTE: While a lien may be created by statutory or judicial
Lien
it will have a perfect title to it upon discharging the lien. Consult Smith's Merc. Law; Coote on Mortgages, 9th Edn., pp. 1375 et seq. And 1396et seq.; Atkinson on Sol. Lien. (5) By s. 41 of … of dealing between parties. General lines are not favoured in law, but some judicially recognized general lines are bankers', solicitors', factors', stockbrokers'. See Halsb. L.E., title 'Lien.' Particular lines, on the other hand, are favoured by law
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