Federal Home Loan Banks [FHLB] Law and Legal Definition
The Federal Home Loan Banks [FHLB] provide stable, low-cost funding to American financial institutions for home mortgage loans, small business, rural, agricultural, and economic development lending. The FHLB provides loans only to other banks and not to individuals.
The FHLB allows claim for a prepayment fee by the bank if, and only if the claim is made pursuant to a written contract that provides for a prepayment fee. [12 CFR 360.2]. The principal investments of the FHLB are considered a secured loans to members. The FHLB is the largest U.S. borrower after the federal government.
Legal Definition list
- Federal Home Loan Banks [FHLB]
- Federal Home Loan Bank Board
- Federal Home Loan Bank Act of 1932
- Federal Highway Fuel Economy Test Procedure
- Federal Highway Administration [FHWA]
- Federal Home Loan Mortgage Corporation
- Federal Home Loan Mortgage Corporation[FHLMC]
- Federal Housing Administration
- Federal Housing Finance Agency
- Federal Housing Finance Board
- Federal Implementation Plan [Pollution Prevention]
Related Legal Terms
- Accompanying the Federal Government Outside the United States
- Account [Banks & Banking]
- Acquisition and Improvement Loan [Veterans' Relief]
- Acquisition Loan [HUD]
- Acquisition, Development and Construction (ADC) Loan
- Acting in Concert [Banks & Banking]
- Active Voters [Federal Elections]
- Actuarial Documents [Federal Crop Insurance Corporation]
- Actuarially Appropriate [Federal Crop Insurance Corporation]
- Adjustable Rate Mortgage Loan
