See delinquent loan and past due loan. It may have offered a range of bank services but engaged in only one of the two activities that legally defined a commercial bank. The non-bank bank loophole was closed by the Competitive Equality Banking Act of 1987. Latin for the condition of an individual not possessing sufficient understanding to comprehend the nature, extent and meaning of his or her obligations or contracts. The land use is permitted to continue because the land was being used in such a fashion before the zoning ordinance was passed.
Examples are insurance companies and brokerage firms.
These include profit on the sale of real estate owned or other nonmortgage investment. The notary public certifies that he or she has witnessed the signing of the document by also signing the document and affixing his or her official seal. A penalty may be imposed by the institution for a withdrawal made without the agreed upon notice. All mechanics' liens relate back to the date the notice of commencement was recorded, thus enabling the construction mortgage to remain a first lien, not subordinated to any labor or supplier claim for nonpayment of bills. Mechanics' liens must be filed within a specified period thereafter.