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The minimum age for "suitable age and discretion" varies by jurisdiction. Fourteen years old seems to be the absolute minimum. Under "common law, a female of the age of 14 is at the age of legal discretion, and may choose a guardian." [1] Thus, Minnesota declared 14 to be old enough to be presumed to be of suitable age and discretion. [1]
The term age of majority can be confused with the similar concept of the age of license, [2]. As a legal term, "license" means "permission", referring to a legally enforceable right or privilege. Thus, an age of license is an age at which one has legal permission from a given government to participate in certain activities or rituals.
Loan servicing is the process by which a company (mortgage bank, servicing firm, etc.) collects interest, principal, and escrow payments from a borrower. In the United States, the vast majority of mortgages are backed by the government or government-sponsored entities (GSEs) through purchase by Fannie Mae, Freddie Mac, or Ginnie Mae (which purchases loans insured by the Federal Housing ...
Legal status of tattooing in the United States, includes the minimum legal age by U.S. state in which a person can get a tattoo; Legal working age, the age at which a person is allowed to work; Legality of cannabis, includes the minimum legal age set in countries where cannabis is legal at which a person can purchase, use, and possess cannabis
One of the signature elements of the Credit Card Act of 2009 was a provision that required college students under the age of 21 to have either independent proof of income or a co-signer when ...
If you're 52 years old with an $11,000 legal tab to cover — and you have an individual retirement account — you may be considering a loan from your 401(k) if your plan provider allows for that ...
Seasoning requirements can also apply to getting a loan after bankruptcy or foreclosure, and to mortgage refinances. For mortgages, money becomes "seasoned" after it's been in an established ...
The Equal Credit Opportunity Act (ECOA) is a United States law (codified at 15 U.S.C. § 1691 et seq.), enacted 28 October 1974, [9] that makes it unlawful for any creditor to discriminate against any applicant, with respect to any aspect of a credit transaction, on the basis of (among other things) age, provided the applicant has the capacity to contract.