Glossary - U

A portion of a deposit balance that has not yet been collected by the depository financial institution.

A set of statutes enacted by the various States to provide consistency among the States' commercial laws. It includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and bills of lading.

HUD is a Cabinet department in the Executive branch of the United States federal government. HUD’s mission is to create strong, sustainable, inclusive communities and quality affordable homes for all. HUD is working to strengthen the housing market to bolster the economy and protect consumers; meet the need for quality affordable rental homes: utilize housing as a platform for improving quality of life; build inclusive and sustainable communities free from discrimination; and transform the way HUD does business.

DOJ is the United States federal executive department responsible for the enforcement of the law and administration of justice. DOJ’s mission is to enforce the law and defend the interests of the United States according to the law; to ensure public safety against threats foreign and domestic; to provide federal leadership in preventing and controlling crime; to seek just punishment for those guilty of unlawful behavior; and to ensure fair and impartial administration of justice for all Americans.

Charging an illegally high interest rate on a loan.

The maximum rate of interest lenders may charge borrowers. The usury rate is generally set by State law. The NCUA Board sets the maximum loan interest rate a federal credit union may charge.