Commercial Lending Company Law and Legal Definition
According to 12 CFR 211.32 [Title 12 -- Banks and Banking; Chapter II -- Federal Reserve System; Subchapter A -- Board of Governors of the Federal Reserve System; Part 211 -- International Banking Operations (Regulation K); Subpart C -- Export Trading Companies], commercial lending company means “any organization, other than a bank or an organization operating under section 25 of the Federal Reserve Act (FRA) (12 U.S.C. 601-604a), organized under the laws of any state, that maintains credit balances permissible for an agency, and engages in the business of making commercial loans. Commercial lending company includes any company chartered under article XII of the banking law of the State of New York.”
Legal Definition list
- Commercial Lender
- Commercial Leasehold Insurance
- Commercial Lease
- Commercial Law
- Commercial Laboratory [Agriculture]
- Commercial Lending Company
- Commercial Letter of Credit
- Commercial Leverage Account
- Commercial Litigation Branch of the Department of Justice
- Commercial Loan Underwriting
- Commercial Mobile Alert System
Related Legal Terms
- A Commercial Trade
- Accompanying Relative [Immigration]
- Accompanying Spouse and Dependents
- Accompanying the Armed Forces outside the United States
- Accompanying the Federal Government Outside the United States
- Accompanying Visa
- Affiliate and Associated Company
- Affiliated Company (Gaming Law)
- Armored Car Company
- Asset-Based Lending
