Qualifying Commitment to Lend Law and Legal Definition
According to 12 CFR 32.2 [Title 12 -- Banks and Banking; Chapter I -- Comptroller of the Currency, Department of the Treasury; Part 32 -- Lending Limits] qualifying commitment to lend means “a legally binding written commitment to lend that, when combined with all other outstanding loans and qualifying commitments to a borrower, was within the bank's lending limit when entered into, and has not been disqualified.”
Legal Definition list
- Qualifying Cogenerator
- Qualifying Cogeneration Facility
- Qualifying Child (Income Taxes)
- Qualified-Terminable-Interest Property
- Qualified Written Request
- Qualifying Commitment to Lend
- Qualifying Components
- Qualifying Event (Health Care)
- Qualifying Exigency Leave
- Qualifying National Guard Duty
- Qualifying Ratios
