Consumer Credit terms starting with M

8 terms

  1. Maine State Housing Authority (MSHA) A mortgage program available only to first-time homebuyers within the State of Maine . Income limitations are applicable.
  2. Margin See Margin, or margin costs
  3. MCCC-1 Annual notification/reporting form required under Title 9-A M.R.S.A.§6-202 for all creditors conducting Maine consumer credit business.
  4. Membership fee See annual fee.
  5. Minimum interest charge The minimum amount of interest you will be charged if you are charged any interest. For example, if your total interest charge is $0.
  6. Minimum Payment The minimum dollar amount that must be paid each month on a loan, line of credit, or other debt.
  7. Mortgage A debt instrument used in a real estate transaction where the property is the collateral for the loan.
  8. Mortgage Company (Supervised Lender) A Supervised Lender is any person authorized to make or take assignments of supervised loans either under a license issued by the Bureau, or as a…