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Texas Office Of Consumer Credit Commissioner
The Texas Office of Consumer Credit Commissioner (“OCCC”) is a Texas state agency that regulates non-depository lenders in the state of Texas, which includes, among others, mortgage loan originators, vehicle sales finance companies, debt settlement Debt settlement (also called debt reduction, debt negotiation or debt resolution) is a settlement negotiated with a debtor's unsecured creditor. Commonly, creditors agree to forgive a large part of the debt: perhaps around half, though results ca ... providers, pawnshops and credit access businesses. The stated mission of the OCCC is to “regulate nonbank financial services and to educate consumers and industry providers, fostering a fair, lawful, and healthy financial services market that grow economic prosperity for all Texans”. Organization and history Originally set up as the Office of Regulatory Loan Commissioner in 1963, the Office of Consumer Credit Commissioner (OCCC)’s current name was established when the Texas ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Texas State Agencies
The following is a list of Texas state agencies. List of agencies *Angelina and Neches River Authority *Brazos River Authority *Canadian River Municipal Water Authority * Cancer Prevention and Research Institute of Texas *Edwards Aquifer Authority *Employees Retirement System of Texas * Executive Council of Physical Therapy and Occupational Therapy Examiners of Texas *Guadalupe-Blanco River Authority *Lower Colorado River Authority * Office of the Governor of Texas * Office of the Lieutenant Governor of Texas *Office of the Public Utility Counsel of Texas *Office of the State Prosecuting Attorney *Public Utility Commission of Texas *Railroad Commission of Texas *Red River Authority *Sabine River Authority (Texas) * State Bar of Texas *Teacher Retirement System of Texas * Texas A&M AgriLife Research * Texas A&M AgriLife Extension Service *Texas A&M University System *Texas Alcoholic Beverage Commission * Texas Animal Health Commission *Texas Apiary Inspection Service *Texas Apprais ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mortgage Loan
A mortgage loan or simply mortgage (), in civil law jurisdicions known also as a hypothec loan, is a loan used either by purchasers of real property to raise funds to buy real estate, or by existing property owners to raise funds for any purpose while putting a lien on the property being mortgaged. The loan is " secured" on the borrower's property through a process known as mortgage origination. This means that a legal mechanism is put into place which allows the lender to take possession and sell the secured property ("foreclosure" or " repossession") to pay off the loan in the event the borrower defaults on the loan or otherwise fails to abide by its terms. The word ''mortgage'' is derived from a Law French term used in Britain in the Middle Ages meaning "death pledge" and refers to the pledge ending (dying) when either the obligation is fulfilled or the property is taken through foreclosure. A mortgage can also be described as "a borrower giving consideration in the form ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Debt Settlement
Debt settlement (also called debt reduction, debt negotiation or debt resolution) is a settlement negotiated with a debtor's unsecured creditor. Commonly, creditors agree to forgive a large part of the debt: perhaps around half, though results can vary widely. When settlements are finalized, the terms are put in writing. It is common that the debtor makes one lump-sum payment in exchange for the creditor agreeing that the debt is now cancelled and the matter closed. Some settlements are paid out over a number of months. In either case, as long as the debtor does what is agreed in the negotiation, no outstanding debt will appear on the former debtor's credit report. History As a concept, lenders have been practicing debt settlement for thousands of years. However, the business of debt settlement became prominent in the USA during the late 1980s and early 1990s, when bank deregulation, which loosened consumer lending practices, followed by an economic recession, placed consumers in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pawnbroker
A pawnbroker is an individual or business (pawnshop or pawn shop) that offers secured loans to people, with items of personal property used as collateral. The items having been ''pawned'' to the broker are themselves called ''pledges'' or ''pawns'', or simply the collateral. While many items can be pawned, pawnshops typically accept jewelry, musical instruments, home audio equipment, computers, video game systems, coins, gold, silver, televisions, cameras, power tools, firearms, and other relatively valuable items as collateral. If an item is pawned for a loan (colloquially "hocked" or "popped"), within a certain contractual period of time the pawner may redeem it for the amount of the loan plus some agreed-upon amount for interest. In the United States the amount of time, and rate of interest, is governed by law and by the state commerce department policies. They have the same license as a bank, which is highly regulated. If the loan is not paid (or extended, if applica ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Full-time Equivalent
Full-time equivalent (FTE), or whole time equivalent (WTE), is a unit that indicates the workload of an employee, employed person (or student) in a way that makes workloads or class loads comparable across various contexts. FTE is often used to measure a worker's or student's involvement in a project, or to track cost reductions in an organization. An FTE of 1.0 is equivalent to a full-time worker or student, while an FTE of 0.5 signals half of a full work or school load. United States According to the Federal government of the United States, FTE is defined by the Government Accountability Office (GAO) as the number of total hours worked divided by the maximum number of compensable hours in a full-time schedule as defined by law. For example, if the normal schedule for a quarter is defined as 411.25 hours ([35 hours per week * (52 weeks per year – 5 weeks' regulatory vacation)] / 4), then someone working 100 hours during that quarter represents 100/411.25 = 0.24 FTE. Two employ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State Agencies Of Texas
The following is a list of Texas state agencies. List of agencies *Angelina and Neches River Authority *Brazos River Authority *Canadian River Municipal Water Authority * Cancer Prevention and Research Institute of Texas *Edwards Aquifer Authority *Employees Retirement System of Texas * Executive Council of Physical Therapy and Occupational Therapy Examiners of Texas *Guadalupe-Blanco River Authority *Lower Colorado River Authority * Office of the Governor of Texas * Office of the Lieutenant Governor of Texas *Office of the Public Utility Counsel of Texas *Office of the State Prosecuting Attorney *Public Utility Commission of Texas *Railroad Commission of Texas *Red River Authority *Sabine River Authority (Texas) * State Bar of Texas *Teacher Retirement System of Texas * Texas A&M AgriLife Research * Texas A&M AgriLife Extension Service *Texas A&M University System *Texas Alcoholic Beverage Commission * Texas Animal Health Commission *Texas Apiary Inspection Service *Texas Apprais ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
