The Comptroller of the Currency (“Comptroller”) is the administrator of the federal banking system and chief executive officer of the Office of the Comptroller of the Currency (“OCC”). The Comptroller also serves as a director of the Federal...
financial services
conditional sale
A conditional sale refers to a transaction in which the purchaser receives possession of and the right to use certain goods, but the title remains with the seller until the performance of a condition is met by the buyer. Under the contract,...
confession of judgment
A confession of judgment is a legal device - usually a clause within a contract - in which a debtor agrees to allow a creditor, upon the nonoccurrence of a payment, to obtain a judgment against the debtor, often without advanced notice or a...
conforming loan
A conforming loan is a mortgage that is below the conforming loan limit established by the Federal Housing Finance Agency (FHFA) and abides by other restrictions of Fannie Mae (Federal National Mortgage Association) and Freddie Mac (Federal...
consumer credit
Consumer credit refers to the ability of a consumer to access a loan. The most common form of credit used by consumers is a credit card account issued by a financial institution. Merchants may also provide direct financing for products which...
Consumer Credit Counseling Service (CCCS)
Consumer Credit Counseling Services (CCCS) are mostly non-profit organizations that offer free or low-cost counseling, education, and debt repayment services to individuals in danger of bankruptcy. They can help...
consumer report
A consumer report is background information collected by consumer reporting agencies and used by employers and creditors in determining whether to hire or loan to an individual. A consumer report can contain a wide variety of information...
consumer reporting agencies (CRA)
Consumer reporting agencies (CRA) are entities that furnish consumer reports, including those that compile and maintain files on consumers on a nationwide basis and those that are restricted to certain categories of records including: medical...
contingent annuity
Contingent annuity is an annuity that is subject to conditions or terms that must be met before the beneficiary will receive payments. The most common use of contingent annuities is for life insurance and pensions which are contingent on...
contract for deed
Contract for deed is a contract for the sale of land which provides that the buyer will acquire possession of the land immediately and pay the purchase price in installments over a period of time, but the seller will retain legal title until...