Risk Retention | Dodd-Frank Wall Street Reform Act

risk retention(US) The retention of a part of a risk, usually by ‘self-insurance’, of all or part of a potential business loss. As a rule, risk retention represents a contingent liability against which a company should set aside a reserve fund. In particular, a requirement of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. A “securitizer” of an asset-backed security (ABS) continues to accept part of the credit risk of any loss that might occur during the life of the … [Read more...]

US Property Statutes

Significant US Property Statutes that have been passed since the publication of the Encyclopedia of Real Estate Terms (Third Edition). Some recent significant US Property Statutes (with the appropropriate Real Estate Terms): Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 One of the most significant US Property Statutes to be passed since the Subprime mortgage crisis, which was one of the most significant cause of the Global Financial Crisis. The Act includes sixteen … [Read more...]