Exact(1)
Is that a loan prohibited under Sarbanes-Oxley?
Similar(59)
Section 7. Unapproved loans prohibited.
Section 3. Unapproved loans prohibited.
He said the competitors benefited unfairly from China's currency controls, which prevent the yuan from rising in value against the dollar to reflect China's trade surplus, as well as illicit government subsidies and soft bank loans prohibited under World Trade Organization and United States rules.
Most co-op loans prohibit the borrower/shareholder from voting to amend or replace the proprietary lease without the lender's prior consent.
In what could be considered the most aggressive government market intervention since the 1930′s, the Fed and Treasury took steps to stabilize the mortgage crisis (by promising to absorb hundreds of billions in bad loans, prohibit ALL short selling on almost 800 financial stocks, and offer large amounts of liquidity to shore up money market funds).
Its recommendations included providing clearer and earlier disclosure of loan fees and loan amounts; prohibiting certain loan terms, like large balloon payments that force borrowers to refinance their mortgages; and establishing minimum standards for foreclosures, which are now governed by state law.
When a new loan is considered a covered home loan, the law prohibits using that loan to refinance -- or "flip" -- an existing loan made within the last five years unless the borrower will receive a "reasonable, tangible net benefit".
Then, under U.S. guidance, the International Monetary Fund tied restrictions to rescue loans that prohibited Asian governments from bailing out banks.
But the bad news is that the Congressional Budget Office (CBO), the legislative agency that produces cost projections for programs such as federal student loans, is prohibited from using them in official estimates.
It would also limit the number of "points" lenders can charge to 6percentt of the loan amount, prohibit repeated refinancings and prohibit loans to people who do not have the means to repay them.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com