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Uniform residential loan application
Uniform residential loan application A loan application form required by Freddie Mac and Fannie Mae.
RELATED TERMS--------------------------------------
Loan
A sum of borrowed money (principal) that is generally repaid with interest.
Application
The form used to apply for a mortgage loan, containing information about a borrower’s income, savings, assets, debts, and more.
SIMILAR TERMS--------------------------------------
Uniform Building Code
A national building code published by the International Conference of Building Officials.
Uniform Commercial Code
A codification of commercial law, adopted in most states, that attempts to make uniform all laws relating to commercial transactions, including chattel mortgages and bulk transfers.
Uniform Condominium Act (UCA)
Under its provisions, a condominium is created and established when the owner of an existing building (or developer of unimproved property) executes and records a declaration of condominium.
Uniform Partnership Act (UPA)
Permits real estate to be held in the partnership name. The "Uniform Limited Partnership Act" (ULPA) establishes the legality of the limited partnership entity and provides that realty may be held in the limited partnership's name.
Uniform Residential Landlord and Tenant Act (URLTA)
A uniform act intended to provide some consistency in regulating the relationship of landlord and tenant in residential leases.
Uniform settlement statement
The standard HUD Form 1 required to be given to the borrower, lender and seller at the time or before settlement by the settlement agent in a transaction covered under the Real Estate Settlement Procedures Act.
PREVIOUS AND NEXT TERMS--------------------------------------
Uniform Building Code
A national building code published by the International Conference of Building Officials.
Uniform Commercial Code
A codification of commercial law, adopted in most states, that attempts to make uniform all laws relating to commercial transactions, including chattel mortgages and bulk transfers.
Uniform Condominium Act (UCA)
Under its provisions, a condominium is created and established when the owner of an existing building (or developer of unimproved property) executes and records a declaration of condominium.
Uniform Partnership Act (UPA)
Permits real estate to be held in the partnership name. The "Uniform Limited Partnership Act" (ULPA) establishes the legality of the limited partnership entity and provides that realty may be held in the limited partnership's name.
Uniform Residential Landlord and Tenant Act (URLTA)
A uniform act intended to provide some consistency in regulating the relationship of landlord and tenant in residential leases.
Uniform residential loan application
Uniform settlement statement
The standard HUD Form 1 required to be given to the borrower, lender and seller at the time or before settlement by the settlement agent in a transaction covered under the Real Estate Settlement Procedures Act.
Unilateral contract
A one-sided contract wherein one party makes a promise so as to induce a second party to do something. The second party is not legally bound to perform.
Unimproved land
Most commonly refers to land without improvements or buildings but also can mean land in its natural state.
Unit-in-place method
The appraisal method of estimating building costs by calculating the costs of all of the physical components in the structure with the cost of each item including its proper installation, connection, etc.
Unity of interest
All joint tenants holding equal ownership interests.
This dictionary contains 6433 terms. |
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