Mortgagee
In a mortgage transaction, the mortgagee is the party that lends the mortgagor money. See Secured Transactions.
Definition from Nolo’s Plain-English Law Dictionary
The person or business making a loan that is secured by the real property of the person (mortgagor) who owes the individual or business money. (See also: mortgage)
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:20 pm
