Professional Documents
Culture Documents
1.
-
MP
2 REMEDIES
FORECLOSE THE MORTGAGE
Enforces his lien by sale on foreclosure of the
Endorsement/Assignment w/ recourse or
acceptance of deposit substitute.
TRUST ENTITIES- are corp/person duly
authorized by the MB to engage in trust
business, to act as a trustees or administer
any trust/ hold prop in trust/on deposit from
the use, benefit or behalf of others.
LENDING CO.- corp engaged in the granting
of loans from its own capital funds or from
fund sourced from not more than 19 persons.
UNIVERSAL BANK- expanded commercial
bank, CB plus power of an investment house
and invest in non-allied entr. Highest capital
requirement
COMMERCIAL BANK- power of
ordinary/regular commercial banks, lower
capitalization than UB, cant exercise power of
an investment house and invest in non-allied
entr