Actuarial Method [HUD] Law and Legal Definition
Pursuant to 24 CFR 201.2 [Title 24 Housing and Urban Development; Subtitle B Regulations Relating to Housing and Urban Development; Chapter II Office of Assistant Secretary for Housing Federal Housing Commissioner, Department of Housing and Urban Development; Subchapter B Mortgage and Loan Insurance Programs under National Housing Act and Other Authorities; Part 201 Title I Property Improvement and Manufactured Home Loans; Subpart A General], the term Actuarial Method means “the method of allocating payments made on a loan between the outstanding balance of the principal amount borrowed and the interest due on a loan obligation, under which a payment is applied first to the accrued interest, and any remainder is subtracted from, or any deficiency is added to, the unpaid balance of the obligation.”
Legal Definition list
- Actuarial Method [HUD]
- Actuarial Experience [Employee Retirement]
- Actuarial Equivalent (Health Care)
- Actuarial Documents [Federal Crop Insurance Corporation]
- Actuarial Cost Method
- Actuarial Present Value [Internal Revenue]
- Actuarial Risk
- Actuarial Services [Employee Retirement]
- Actuarial Surplus
- Actuarial Table
- Actuarial Value
