express loan
Defined in 1 place of the United States Code.
the term “express loan” means a loan in which a lender uses to the maximum extent practicable the loan analyses, procedures, and documentation of the lender to provide expedited processing of the loan application.
Source
- 2010–present15 U.S.C. § 636Commerce and Trade · Additional powers · under this chapter
The term “express loan” means any loan made pursuant to this paragraph in which a lender utilizes to the maximum extent practicable its own loan analyses, procedures, and documentation.
Source
- 2004–present15 U.S.C. § 636Commerce and Trade · Additional powers · under this chapter