Loan sharking definition

Loan sharking or "shylocking" means the act of any person as defined herein lending money unlawfully under subsection (2), subsection (3), or subsection (4).
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Loan sharking means the act of any person as defined herein lending money unlawfully under subsec- tion (2), subsection (3), or subsection (4).
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Examples of Loan sharking in a sentence

  • Loan sharking in this context is readily understood as denoting clear exploitation.

  • Loan sharking is an issue that is seldom discussed, but is a growing problem in parts of the Western Balkans.

  • Loan sharking, gambling, lottery or any other game of chance on County premises at any time.

  • Loan sharking will not be tolerated across County Durham and Darlington.

  • Loan sharking can drive acquisitive crime, as people take extreme actions to avoid the violent consequences of non-payment.

  • The Contractor agrees to maintain all documents as confidential information owned by the State.

  • Loan sharking- When uninsured and unlicensed sham banks carry out the functions of regular banks through illegal means, it constitutes another unusual type of bank fraud.

  • Category, vaccination population groups, estimated number in population group, and tiers for low, moderate, and high/very high pandemic severity.

  • You must work the problem as a group.Viron, Benjamin (Benjie)Height: 5'-4"M-W-49Weight:220Hair:Gray/ BrownEyes: BrownBlood Type: BShoe:7 1/2DTattoos:Record:Right arm, AMother@17 arrestsVehicle: 1987 Mercedes dark blue SedanMURDER 1 SUSPECT DATA SHEETCharges: Gambling, Loan sharking, Extortion, Assault, Narcotics, Robbery, Rape.

  • Verify that procedures under Section 6.6 Road, Access and the Transportation System will assure that impact on roads is addressed during the decommissioning process.

Related to Loan sharking

  • Lender PMI Mortgage Loan Certain Mortgage Loans as to which the lender (rather than the borrower) acquires the Primary Insurance Policy and charges the related borrower an interest premium.

  • Wet-Ink Mortgage Loan means a Mortgage Loan which any Seller is selling to Buyer simultaneously with the origination thereof and for which the Mortgage Loan Documents have not been delivered to the Custodian.

  • Subloan means a loan made or proposed to be made partially out of the proceeds of the Loan by a Participating Bank to a Beneficiary (as such term is hereinafter defined) under Parts D and I of the Project for the financing of the investments and associated working capital under Subprojects (as such term is hereinafter defined);

  • Mortgage Loan Principal Balance means, at any date of determination, the aggregate principal balance of the Notes evidencing the Mortgage Loan.

  • SOFR Loan means a Loan that bears interest at a rate based on Adjusted Term SOFR, other than pursuant to clause (c) of the definition of “Base Rate”.

  • Jumbo Mortgage Loan is a collective reference to Jumbo Mortgage Loans (Standard Limit) and Jumbo Mortgage Loans (Specialty).

  • Mortgage shall have the meaning assigned to such term in the recitals.

  • Mortgage Loan Borrower shall have the meaning assigned to such term in the recitals.

  • Equipment Loan means middle market equipment loans that consist of loans made to obligors in the United States of America primarily secured by new or used transportation equipment and managed by the Equipment Finance reporting category of the Commercial Lending and Leasing division of GE Capital.

  • ARD Mortgage Loan Any Mortgage Loan that is identified as having an Anticipated Repayment Date and a Revised Rate on the Mortgage Loan Schedule.

  • Converted Mortgage Loan An ARM Loan with respect to which the Borrower has complied with the applicable requirements of the related Mortgage Note to convert the related Mortgage Interest Rate to a fixed rate of interest, and the Servicer has processed such conversion. Co-op Shares: Shares issued by private non-profit housing corporations.

  • LPMI Loan A Mortgage Loan with a LPMI Policy.

  • Group 1 Mortgage Loan Each Mortgage Loan listed on Exhibit D-1 hereto.

  • Group 4 Mortgage Loan Each Mortgage Loan listed on Exhibit D-4 hereto.

  • Overadvance Loan means a Base Rate Loan made when an Overadvance exists or is caused by the funding thereof.

  • Jumbo Loan means a Mortgage Loan that conforms to (i) all of the Agency Guidelines’ requirements for a Conventional Conforming Loan except that its original principal amount exceeds the maximum allowed by Agency Guidelines and (ii) the maximum CLTV and minimum FICO Score criteria specified on Schedule II.

  • Mortgage Loan Rate means, as of any date of determination, the weighted average of the Note A Rate and the Note B Rate.

  • Loan Advance The meaning specified in Section 2.2(a).

  • VA Loan means a Mortgage Loan which is subject of a VA Loan Guaranty Agreement as evidenced by a loan guaranty certificate, or a Mortgage Loan which is a vendor loan sold by the VA.

  • Type 1 Mortgage Loan Any of the Mortgage Loans identified in Exhibit F-1 hereto, as such Exhibit may be amended from time to time in connection with a substitution pursuant to Sections 2.02 or 2.06, serviced under the WFHM Servicing Agreement and having a Mid-Month Receipt Period with respect to all types of Unscheduled Principal Receipts.

  • Group 3 Mortgage Loan Each Mortgage Loan listed on Exhibit D-3 hereto.

  • Second Mortgage Loan A Home Equity Loan which constitutes a second priority mortgage lien with respect to the related Property.

  • Group I Mortgage Loan A Mortgage Loan assigned to Loan Group I. All Group I Mortgage Loans have a principal balance at origination that conforms to Xxxxxxx Mac loan limits.

  • Mortgage lender means a domestic or foreign corporation authorized in this state to make loans secured by mortgages or deeds of trust.

  • Mortgage Loan shall have the meaning assigned to such term in the recitals.

  • Pool 1 Mortgage Loans Any Mortgage Loan in Pool 1.