Loan sharking definition

Loan sharking or "shylocking" means the act of any person as defined herein lending money unlawfully under subsection (2), subsection (3), or subsection (4).
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Loan sharking means the act of any person as defined herein lending money unlawfully under subsec- tion (2), subsection (3), or subsection (4).
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Examples of Loan sharking in a sentence

  • Loan sharking in this context is readily understood as denoting clear exploitation.

  • Category, vaccination population groups, estimated number in population group, and tiers for low, moderate, and high/very high pandemic severity.

  • The Contractor agrees to maintain all documents as confidential information owned by the State.

  • Verify that procedures under Section 6.6 Road, Access and the Transportation System will assure that impact on roads is addressed during the decommissioning process.

  • Loan sharking- When uninsured and unlicensed sham banks carry out the functions of regular banks through illegal means, it constitutes another unusual type of bank fraud.

  • The Human Resources Unit will review and implement procedures on final payments to employees who are separating from state service.

  • Loan sharking can drive acquisitive crime, as people take extreme actions to avoid the violent consequences of non-payment.

  • You must work the problem as a group.Viron, Benjamin (Benjie)Height: 5'-4"M-W-49Weight:220Hair:Gray/ BrownEyes: BrownBlood Type: BShoe:7 1/2DTattoos:Record:Right arm, AMother@17 arrestsVehicle: 1987 Mercedes dark blue SedanMURDER 1 SUSPECT DATA SHEETCharges: Gambling, Loan sharking, Extortion, Assault, Narcotics, Robbery, Rape.

  • Loan sharking is an issue that is seldom discussed, but is a growing problem in parts of the Western Balkans.

  • Loan sharking, gambling, lottery or any other game of chance on County premises at any time.

Related to Loan sharking

  • Lender PMI Mortgage Loan Certain Mortgage Loans as to which the lender (rather than the borrower) acquires the Primary Insurance Policy and charges the related borrower an interest premium.

  • Wet-Ink Mortgage Loan means a Mortgage Loan which any Seller is selling to Buyer simultaneously with the origination thereof and for which the Mortgage Loan Documents have not been delivered to the Custodian.

  • Subloan means a loan made or proposed to be made partially out of the proceeds of the Loan by a Participating Bank to a Beneficiary (as such term is hereinafter defined) under Parts D and I of the Project for the financing of the investments and associated working capital under Subprojects (as such term is hereinafter defined);

  • Mortgage Loan Principal Balance means, at any date of determination, the aggregate principal balance of the Notes evidencing the Mortgage Loan.

  • SOFR Loan means a Loan that bears interest at a rate based on Term SOFR, other than pursuant to clause (c) of the definition of “Alternate Base Rate”.

  • Jumbo Mortgage Loan is a collective reference to Jumbo Mortgage Loans (Standard Limit) and Jumbo Mortgage Loans (Specialty).

  • Warehouse Lender means any lender providing financing to Seller for the purpose of warehousing, originating or purchasing a Mortgage Loan, which lender has a security interest in such Mortgage Loan to be purchased by Purchaser.

  • Mortgage shall have the meaning assigned to such term in the recitals.

  • Mortgage Loan Borrower shall have the meaning assigned to such term in the recitals.

  • Equipment Loan means middle market equipment loans that consist of loans made to obligors in the United States of America primarily secured by new or used transportation equipment and managed by the Equipment Finance reporting category of the Commercial Lending and Leasing division of GE Capital.

  • LPMI Loan A Mortgage Loan with a LPMI Policy.

  • Group 1 Mortgage Loan Each Mortgage Loan listed on Exhibit D-1 hereto.

  • Overadvance Loan means a Base Rate Revolving Loan made when an Overadvance exists or is caused by the funding thereof.

  • Jumbo Loan means a Mortgage Loan (other than a Conforming Loan) that (1) is underwritten by an Approved Investor (other than Xxxxxx Xxx, Xxxxxxx Mac or Xxxxxx Mae), (2) matches all applicable requirements for purchase under the requirements of a Take-Out Commitment issued for the purchase of such Mortgage Loan, (3) differs from a Conforming Loan solely because the principal amount of such Mortgage Loan exceeds the limit set for Conforming Loans by Xxxxxx Xxx or Xxxxxxx Mac from time to time, and (4) is a First Lien Mortgage Loan.

  • Mortgage Loan Rate means, as of any date of determination, the weighted average of the Note A Rate and the Note B Rate.

  • Loan Advance The meaning specified in Section 2.2(a).

  • VA Loan means a Mortgage Loan which is subject of a VA Loan Guaranty Agreement as evidenced by a loan guaranty certificate, or a Mortgage Loan which is a vendor loan sold by the VA.

  • Group 3 Mortgage Loan Each Mortgage Loan listed on Exhibit D-3 hereto.

  • Second Mortgage Loan A Home Equity Loan which constitutes a second priority mortgage lien with respect to the related Property.

  • Group I Mortgage Loan A Mortgage Loan assigned to Loan Group I. All Group I Mortgage Loans have a principal balance at origination that conforms to Xxxxxxx Mac loan limits.

  • Mortgage lender means a domestic or foreign corporation authorized in this state to make loans secured by mortgages or deeds of trust.

  • Mortgage Loan shall have the meaning assigned to such term in the recitals.