Lending activities definition
Lending activities means advancing funds or credit to and collecting funds from another person; entering into security agreements, including executing mortgages, liens, factoring agreements, accounts receivable financing arrangements, condi- tional sales, sale and leaseback arrangements and installment sales contracts; conducting inspections of or monitoring a bor- rower’s business and collateral; providing financial assistance; restructuring or renegotiating the terms of a loan obligation; requiring payment of additional interest; extending the payment period of a loan obligation; initiating foreclosure or other proceed- ings to enforce a security interest in property before obtaining title; requesting and obtaining the appointment of a receiver; and making decisions related to extending or refusing to extend credit.
Lending activities means advancing funds or credit to and collecting funds from another person; entering into security agreements, including executing mortgages, liens, factoring agreements, accounts receivable financing arrangements, condi- tional sales, sale and leaseback arrangements and installment
Lending activities shall have the meaning set forth in Section 4.1(j). Licensed Parties shall have the meaning set forth in Section 4.1(j).
Examples of Lending activities in a sentence
Lending activities are influenced by the demand for and supply of housing, competition among lenders, the level of interest rates, and the availability of funds.
Lending activities are influenced by competition among lenders, the level of interest rates, the availability of funds and, in certain markets, the demand for and supply of housing.
Lending activities are affected by the demand for financing real estate and other types of loans, which in turn are affected by the interest rates at which such financing may be offered and other factors affecting loan demand and the availability of funds.
Lending activities are influenced by demand for and supply of housing and competition among lenders and the level of interest rates in the Association's market area.
Lending activities are influenced by a number of factors including the overall level of interest rates, the market demand for housing, conditions in the construction industry and the availability of funds.
More Definitions of Lending activities
Lending activities means advancing funds or credit to and collecting funds from another person; entering into security agreements, including executing mortgages, liens, factoring agreements, accounts receivable financing arrangements, conditional sales, sale and leaseback arrangements and installment sales contracts; conducting inspections of or monitoring a borrower’s business and collateral; providing financial assistance; restructuring or renegotiating the terms
Lending activities means advancing funds or credit to and collecting funds from another person; entering into security agreements, including executing mortgages, liens, factoring agreements, accounts receivable financing arrangements, condi- tional sales, sale and leaseback arrangements and instalment sales contracts; conducting inspections of or monitoring a borrower’s business and collateral; providing financial assistance; restructur- ing or renegotiating the terms of a loan obligation; requiring pay-
Lending activities. The Company's largest single asset category continues to be loans. The Company's gross loans, as a percentage of total deposits, were 93.8% at December 31, 1998 compared to 91.8% at December 31, 1997. The following table shows the Company's loan portfolio composition on the dates indicated (dollars in thousands).
Lending activities. Loans Involving Country Risk" above. Net loan charge-offs were $471,000, $1.7 million, and $727,000 for the years ended December 31, 2003, 2002 and 2001, respectively. Gross charge-offs for these same periods were $801,000, $1.8 million and $1.3 million, respectively. The decrease in charge offs in 2003 was primarily due to the decrease in commercial business loan charge offs. For the year ended December 31, 2003, no amounts were charged off on Loans Involving Country Risk, but the Bank charged off a total of $801,000, including $582,000 in commercial and industrial, $161,000 in credit card debt, $45,000 in installment, and $13,000 in others. These charge-offs were offset by total recoveries in the amount of $330,000 during the same period. With recoveries, the allowance for loan losses at December 31, 2003 increased to $10.3 million, compared to $8.9 million, $9.5 million at December 31, 2002 and 2001 respectively. The allowance for loan losses at December 31, 2003 as a percentage of total loans and as a percentage of nonperforming loans was 1.2% and 904.5%, respectively, compared to 1.3% and 438.0% at December 31, 2002 and 1.7% and 187.1% at December 31, 2001, respectively. The increase in the allowance for loan losses as a percentage of total nonperformaing loans was primarily due to the decrease in total nonperforming loans to $1.1 million in 2003 compared to $2.0 million in 2002. The decrease in nonperforming loans in 2002 was primarily attributable to an elimination by note sale and a payoff of loans. The continual decline of allowance for loan losses as a percentage of total gross loans is a reflection of the Bank's loan portfolio growth in the commercial real estate relative to minimal charge-off history on commercial real estate loan portfolio. Based on the current migration methodology used to determine the adequacy of the allowance for loan losses, and the historically low charge-off ratio relative to its portfolio size, the reserve requirement ratio is substantially lower than for other segments of the other loan portfolio, such as commercial and industrial loan portfolio, which has a higher historical charge-off ratio. In view of the potential risks to the Bank presented by another possible deterioration of the Korean Economy, the Bank has taken steps to minimize and mitigate its credit exposure to the Korean Economy. The Bank instituted new underwriting policies regarding Korean Affiliate Loans. Under the new policies, the Bank, in general, d...
Lending activities means advancing funds or credit to and collecting funds from another person; entering into security agreements, including executing mortgages, liens, factoring agreements, accounts receivable financing arrangements, condi- tional sales, sale and leaseback arrangements and instalment sales contracts; conducting inspections of or monitoring a borrower’s business and collateral; providing financial assistance; restructur- ing or renegotiating the terms of a loan obligation; requiring pay- ment of additional interest; extending the payment period of a loan obligation; initiating foreclosure or other proceedings to enforce
Lending activities. Loans Involving Country Risk" above.
Lending activities means advancing funds or credit to and collecting funds from another person; entering into security agreements, including executing mortgages, liens, factoring agreements, accounts receivable financing arrangements, condi- tional sales, sale and leaseback arrangements and installment sales contracts; conducting inspections of or monitoring a bor- rower’s business and collateral; providing financial assistance;