A consent decree is a judicial ruling that imposes issues and precautions requested by the defendant to rectify alleged illegal activities without admitting fault or guilt.
A penalty is a sum of money that one must pay for breaking a law or violating part or all of the terms of a contract. Penalties serve to ensure compliance with legal and contractual obligations.
In contract law, performance refers to the completion of duties and obligations specified in the contract. Proper performance by all parties ensures that contractual objectives are met and can prevent disputes.
Preexisting Use refers to properties or structures whose existing use does not align with current zoning regulations but were legally established under previous zoning rules.
Recording fee closing costs are charges incurred during the real estate transaction to record documents, such as the deed or mortgage, in public records. These fees are mandatory and generally paid to local government offices to ensure the transaction is officially noted and legally recognized.
Regulation D is a regulation of the Securities and Exchange Commission (SEC) that sets forth specific conditions under which a private offering is exempt from the registration requirements for a public offering.
A Robo-Signer is an individual employed by financial institutions to sign hundreds of foreclosure documents daily without verifying the information, often leading to wrongful foreclosures.
A satisfaction piece is an essential legal document that indicates the final payment of a mortgage loan, effectively releasing the lien on the property. By recording a satisfaction piece, borrowers officially demonstrate that their loan obligation has been fulfilled.
