amount of the loss
Defined in 1 place of the United States Code.
The term “amount of the loss” means, with respect to a loan, unpaid balance of the principal amount and interest on such loan, less the amount of any judgment collected pursuant to default proceedings commenced by the eligible lender or holder involved.
Source
- 1994–present42 U.S.C. § 292FThe Public Health and Welfare · Default of borrower · for purposes of this section