§ 25.3 Definitions.
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Verbatim text below is from the Electronic Code of Federal Regulations (eCFR), a public-domain U.S. government work. Always verify the current version with the eCFR before relying on it for any legal matter.
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Adequate evidence. Information sufficient to support the reasonable belief that a particular act or omission has occurred.
Board. The Mortgagee Review Board.
Lender. A financial institution as defined in paragraphs (a) and (b) of the definition of lender in § 202.2 of this title.
Mortgagee. For purposes of this part, the term “mortgagee” includes:
(1) The original lender under the mortgage, as that term is defined at sections 201(a) and 207(a)(1) of the National Housing Act (12 U.S.C. 1707(a), 1713(a)(1));
(2) A lender, as defined in this section;
(3) A branch office or subsidiary of the mortgagee or lender; or
(4) Successors and assigns of the mortgagee or lender, as are approved by the Commissioner.
Person. Any individual, corporation, partnership, association, unit of government or legal entity, however organized.
Secretary. The Secretary of the Department of Housing and Urban Development or a person designated by the Secretary.
[57 FR 31051, July 13, 1992; 57 FR 37085, Aug. 18, 1992, as amended at 60 FR 13835, Mar. 14, 1995; 60 FR 39237, Aug. 1, 1995; 61 FR 685, Jan. 9, 1996; 62 FR 20081, Apr. 24, 1997; 72 FR 53878, Sept. 20, 2007; 73 FR 60540, Oct. 10, 2008; 77 FR 51467, Aug. 24, 2012]
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.