Section 06.15.370. Definitions.

Latest version.

In this chapter,
        (1) "conventional loan" means a loan secured by a first mortgage on unencumbered real property or leasehold estate other than a loan guaranteed or insured by a federal agency;
        (2) "department" means the Department of Commerce, Community, and Economic Development;
        (3) "financial institution" means a thrift institution, a commercial bank, a trust company, or an insurance company;
        (4) "mutual bank" means a mutual savings bank chartered under this chapter;
        (5) "thrift institution" means a cooperative bank, a homestead association, a mutual savings and loan association, or a mutual bank.

Notes

Recent Bills that will modify this

HB 362 TRANSFER DUTIES: COMMERCE TO REVENUE

History

(Sec. 3 ch 132 SLA 1960; am Sec. 22 ch 218 SLA 1976)

                    
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