A section of the Rehabilitation Act of 1973 that protects the rights of individuals with disabilities who are involved in programs or activities that receive federal money. Settings in which Section 504 protections apply include education and employment.
The U.S. Supreme Court case in which the Court held that family members could not refuse life-sustaining medical treatment -- such as a feeding tube -- on behalf of incompetent patients, absent clear and convincing evidence that the refusal was in accordance with the patients' wishes.
- Full text: Cruzan v. Missouri Department of Health (Nolo)
The U.S. Supreme Court case in which the Court ruled that juvenile criminal defendants are entitled to due process protection under the Fourteenth Amendment to the U.S. Constitution. Among other things, due process protection includes the right to timely notice of criminal charges, the right to confront and cross-examine witnesses, the right not to testify against oneself, and the right to counsel (representation by a lawyer).
- Full text: In Re Gault (Nolo)
Also known as the Stimulus Package or Recovery Act, a federal law intended to jumpstart the struggling economy by creating new jobs and saving existing ones, spurring investment, and fostering accountability and transparency in government spending. The package contained extensive funding for science, engineering research, and infrastructure, and smaller amounts for education, social sciences, and the arts. The Act has its own website, www.recovery.gov.
A situation in which the borrower of a mortgage loan is late on payments. Beyond a certain point (usually 30 to 60 days), the mortgage loan holder may begin foreclosure proceedings.
A twist on the standard mortgage in which payments are made every other week, as opposed to the traditional payment schedule of once a month.
A type of financing in which one person may take over the mortgage from another. For example, Buyer 1 wants to buy a house, so he takes out a mortgage (borrows money from the bank to pay for the house). If Buyer 1 wants to sell the house to Buyer 2 before the mortgage is paid off, and the loan is an assumable mortgage, Buyer 2 may "step into the shoes" of Buyer 1 and take over the mortgage.
The date the interest rate changes on an adjustable-rate mortgage (ARM). On most ARMs, the rate starts out fixed at a discount for an initial period, such as five years. Then it's reset (typically upward) on the adjustment date to reflect current market rates. The rate continues to change on a regularly scheduled basis at each adjustment period.
The Louisiana term for what other states call a holographic will. This is a will that is entirely handwritten, signed, and dated by the person making it. It does not need to be notarized or witnessed.
For homeowners with an adjustable-rate mortgage (ARM), the scheduled period between changes in the interest rate. The adjustment period can be monthly, semi-annually, annually, and so forth.