Combined Loan-to-Value (CLTV) (CLTV)

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Consumer Credit

The relationship of the outstanding balances of a first and second mortgage to the value of the home used to determine the maximum percentage of value which may be lendable. (1st mortgage amount plus second mortgage amount divided by value or sales price.)

State of Maine, Department of Professional and Financial Regulation — Consumer Credit Protection Glossary retrieved 2014-05-16