Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

New York standard clause

Read a random definition: U.S.

A quick definition of New York standard clause:

New York Standard Clause: This is a term used to refer to a specific type of clause in a mortgage agreement. It is also known as the Mortgage-Loss Clause. This clause outlines the conditions under which the lender can take possession of the property if the borrower defaults on the loan. It is a standard clause used in mortgage agreements in New York.

A more thorough explanation:

The New York Standard Clause is a term used in the insurance industry. It refers to a specific clause that is included in insurance policies, particularly in mortgage insurance policies. This clause is also known as the Mortgage-Loss Clause.

The New York Standard Clause is a provision that allows the insurer to pay the mortgage lender directly in case of a loss. This means that if the property covered by the insurance policy is damaged or destroyed, the insurer will pay the lender the amount owed on the mortgage, rather than paying the policyholder directly.

For example, let's say that John has a mortgage on his house, and he also has a mortgage insurance policy that includes the New York Standard Clause. If his house is damaged in a fire, the insurer will pay the lender the amount owed on the mortgage, rather than paying John directly. This ensures that the lender is protected and that the mortgage is paid off, even if the property is damaged or destroyed.

The New York Standard Clause is a common provision in mortgage insurance policies, particularly in the United States. It is designed to protect the lender and ensure that the mortgage is paid off in case of a loss.

New York interest | New York Stock Exchange

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
JumpySubsequentDolphin
10:11
like it wasn’t painful or anything and I have no experience w piercings
BulbasaurNoLikeCardio
10:11
@jackfrost11770: depending the piercing she had and the activity they would clack. Like she had ones that would be like chains too
10:11
I have a few words to exchange in our native tongue
babycat
10:11
@renard99: you sound so sinister lmaooo
10:11
LMFAO
babycat
10:12
also I don’t think you can dm without lsd+
BulbasaurNoLikeCardio
10:12
@babycat: they make boob tape so you don't have to wear a bra while keeping them supported and perky looking? At least I think that is what boob tape does
babycat
10:12
Yeah but I’m not gonna tape my boobs everyday that seems so annoying
i'm gonna be honest idk how to dm on here LOL but i think u need lsd+ haha
BulbasaurNoLikeCardio
10:13
I am worried a nose piercing would like mess with my cardio even though everyone says no
10:13
Oh shoot hm
10:13
Do you have Discord
но здравствуй да русский мой первый язык так что :)
10:13
Ахахахах ну давай, добавь меня бро
JumpySubsequentDolphin
10:13
@BulbasaurNoLikeCardio: I’m very confused how would that interfere
10:13
Ща кину свой ник
10:13
Ща кину свой ник
BulbasaurNoLikeCardio
10:14
@babycat: then it sounds like if you get them pierced itll just be a secrete to surprise your future boo with since thy wont be poking out of your shirt
10:14
@jackfrost11770: reynard1 на Дискорде
babycat
10:14
yeah but like is that worth it for me? prob not. I think I like them the way they are
BulbasaurNoLikeCardio
10:15
@JumpySubsequentDolphin: For nose piercing I am thinking the like middle of your nose with the ring kinda thing, think itll like restrict airflow
babycat
10:15
woah you got a word for discord in russian that’s crazy
спасибо 🫡
triplethread
10:15
@BulbasaurNoLikeCardio: My nose is pierced and I run like 10 miles a week im good haha
BulbasaurNoLikeCardio
10:16
@babycat: if you are happy with them they look perfect, and if they are as big as you say I am sure people will still be looking with or without the piercing so you will get attention either way
Dkk
10:16
Closest I get to Russian is Lazy Square's cartoons. Should watch them. All very short cus he is lazy. https://www.youtube.com/watch?v=sGBkneu30Aw
JumpySubsequentDolphin
10:16
@BulbasaurNoLikeCardio: ohhh you mean septum? I think septum is even less painful than a nostril piercing
warning my discord pfp is fun lol and also i haven't changed my username since high school because i didn't feel like it 😭
10:18
LMAO yeah you have a fun pfp
BulbasaurNoLikeCardio
10:20
Yes the septum, so they don't feel weird or mess with breathing/running at all even when flipped in? At limit
LSD+ is ad-free, with DMs, discounts, case briefs & more.