Commercial lending company definition

Commercial lending company means any organization, other than a bank or an organization operating under sec- tion 25 of the Federal Reserve Act (FRA) (12 U.S.C. 601–604a), organized under the laws of any state, that main- tains 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.
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Commercial lending company. ’ means any institution, other than a bank or an orga- nization operating under section 25 of the Fed- eral Reserve Act [12 U.S.C. 601 et seq.], orga- nized under the laws of any State of the United States, or the District of Columbia which maintains credit balances incidental to or arising out of the exercise of banking pow- ers and engages in the business of making commercial loans;
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Commercial lending company. ’ means any institution, other than a bank or an organization operating under section 25 of the Federal Reserve Act, organized under the laws of any State of the United States, or the District of Columbia which maintains credit balances incidental to or arising out of the ex- ercise of banking powers and engages in the business of mak- ing commercial loans;
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Examples of Commercial lending company in a sentence

  • Commercial lending company includes any company chartered under article XII of the banking law of the State of New York.

  • Commercial lending company: A non-deposit-taking, state-licensed company that makes commercial loans and maintains credit balances.

  • Commercial lending company includes any company chartered under article XII of the banking law of the State of New York (12 CFR § 211.21(g)).

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  • Commercial lending company: Any organization, other than a bank or an organization operating under section 25 of the Federal Reserve Act (12 USC 601-604a), that is organized under the laws of any state, maintains credit balances permissible for an agency, and engages in the business of making commercial loans.

  • Commercial lending company means any organization, other than a bank or an organization operating under section 25 of the Federal Reserve Act (12 USC 601-604a), organized under the laws of any state, that maintains creditbalances permissible for an agency and engages in the business of making commercial loans (including any company chartered under Article XII of the banking law of the state of New York).

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  • Legal name of: BHC M Bank / Depository institution M Edge corporation M FRB Use Only—ID RSSD Agreement corporation M Commercial lending company M (check one) Street address (Physical location of principal office, not mailing address) City 2.

  • Legal name of: Bank Holding Company M Bank M Edge corporation M FRB Use Only—ID RSSD Agreement corporation M Commercial lending company M (check one) Street address (Physical location of principal office, not mailing address) City 2.


More Definitions of Commercial lending company

Commercial lending company. ’ means any institution, other than a bank or an orga- nization operating under section 25 of the Fed-
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Related to Commercial lending company

  • Commercial Bank means a bank, defined as a scheduled bank under section 2(e) of the Reserve Bank of India Act, 1934.

  • Intermediate Holding Company means any Subsidiary of Holdings (of which Holdings, directly or indirectly, owns 100% of the issued and outstanding Equity Interests) that, directly or indirectly, owns 100% of the issued and outstanding Equity Interests of the Lead Borrower.

  • Holding Company means, in relation to a company or corporation, any other company or corporation in respect of which it is a Subsidiary.

  • Insurance holding company system means a group of two or more affiliated persons, at least one of whom is an insurer.

  • UK Financial Institution means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms.

  • Reporting Financial Institution means a Reporting Finnish Financial Institution or a Reporting U.S. Financial Institution, as the context requires.