Definitions.

CFR · 2024-01-01 · US · Title 12

For the purposes of this part, the following definitions shall apply: (1) Collateral in the form of perfected security interests in, or pledges of, real and/or personal property (including securities with an estimable value) having a net realizable value sufficient to repay the loan's outstanding principal and accrued interest. (2) The guarantee of a financially responsible party in an amount sufficient to repay the loan's outstanding principal and accrued interest. (1) Loans originated through direct negotiations between the reporting institution and a borrower; (2) Purchased loans or interests in loans, including participation interests, retained subordinated participation interests in loans sold, and interests in pools of subordinated participation interests that are held in lieu of retaining a subordinated participation interest in loans sold; (3) Contracts of sale; notes receivable; and (4) Other similar obligations and lease financing.

official document · source cfr-2024 · id 12:§ 621.2