Credit Glossary Definition (English)
2nd Mortgage Defined
The following is in context to Credit, because it's common for a single word to have multiple meanings you will find additional research links near the bottom of the page.
"Also known as the "secondary" mortgageis a loan secured by mortgage or trust deed, which lien is "junior" to another mortgage or trust. P Permissible Purposes : As defined in section 604 of the Fair Credit Reporting Act, only the named reasons for requesting a credit report are deemed "permissible". Requests not meeting these criteria must be denied."
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