Define: Credit Decision

How is Credit Decision defined in a legal contract?

• Credit Decision means making a determination on whether to begin, alter, end, or modify a mortgage. This includes the decision of extending new or additional credit or changing the limit on a line of credit. Seen in 2 SEC filings
• Credit Decision means a preliminary or final evaluation, analysis, or judgement pertaining to: (a) making, purchasing or selling a loan, (b) verifying if the making, purchasing or selling of a loan meets certain criteria, policy or rule, or (c) evaluating the credit-worthiness of a loan applicant. Seen in 2 SEC filings
• Credit Decision means COMFIN’s response to a credit application which includes details such as credit limit, the insolvency risk a debtor poses on COMFIN, and the details about debtor and their transactions. Also, it covers the method of delivery and terms and conditions tied to service delivery. Seen in 1 SEC filing
• Credit Decision means evaluating if to make, purchase, or sell a loan, whether the process of making, purchasing, or selling of a loan meets certain criteria or rules, or evaluating the credit-worthiness of a loan applicant. Seen in 1 SEC filing

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for 'Definitions of credit decision' yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

• Credit Decision means making, altering, or ending mortgages or loans, and changing credit limits.

Relevant Contract Types

• Loan Agreements
• Mortgage Contracts
• Consumer Credit Agreements

Relevant Circumstances

• Applying for a loan or mortgage
• Renewing or refinancing a loan or mortgage
• Reviewing debt restructuring plans

Relevant Sectors

• Banking
• Finance
• Debt-counselling

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Genie Definition 2

• Credit Decision means evaluating if a loan meets specific rules, or determining a loan applicant's credit-worthiness.

Relevant Contract Types

• Credit Risk Assessment Agreements
• Pre-loan Agreements

Relevant Circumstances

• Analysis of creditworthiness of a potential borrower
• Evaluation of compliance with loaning criteria

Relevant Sectors

• Banking
• Credit Rating Agencies
• Microfinance

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