The Secretary may take such action as he deems appropriate to protect the interest of the United States in the event of a default on a loan made or guaranteed under this subchapter, including taking possession of, holding, and using real property pledged as security for such a loan or loan guarantee.
As has been the case, credit to purchase capital is made available by financial institutions ONLY to people who already own capital and other forms of equity, such as the equity in their home that can be pledged as loan security -- those who meet the universal requirement for collateral.
The Secretary may require loans or commitments to make loans under this section to be pledged as security for obligations issued by a public housing agency in connection with a low-income housing project.
Magistrate Judge Roanne L. Mann agreed to release Mr. Yushuvayev on $500,000 bond, but only after the court received proof of the value of homes pledged as security by his father, an immigrant from Uzbekistan.
It arose in cases in which a renter needed the use of the things that he pledged as security for his continued payment of rent, usually tools or equipment necessary for working the land he was renting.
(2) Sugar processors must be approved by CCC to store sugar owned by CCC or pledged as security to CCC for non-recourse loans.
The goal is to protect property pledged as security under mortgage loans.
And once assets have been pledged as security to one lender, they can't be pledged again to another lender.
Thus Lutnick's partnership units; as well as those belonging to many other partners; are pledged as security for the loan.
Spectrum and QTC refused to disclose whether QTC's VA contract was pledged as security for the $150-million-plus 150-million-plus 150-million-plus.
And yes, they pledged as collateral securities that were risky holdings for the government and worthy of the lowest credit rating.
