Loan broker
Term · Law · MLC-T-LAW-003084
An individual or firm that acts as an intermediary between borrowers and lenders, facilitating the process of obtaining a loan. This professional assists borrowers in finding suitable loan products and preparing necessary documentation. Loan brokers receive a commission or fee for their services, often paid by the borrower or the lender.
| Identifier | MLC-T-LAW-003084 |
|---|---|
| Field | Law |
Record as JSON
{
"id": "MLC-T-LAW-003084",
"term": "Loan broker",
"field": "Law",
"definition": "An individual or firm that acts as an intermediary between borrowers and lenders, facilitating the process of obtaining a loan. This professional assists borrowers in finding suitable loan products and preparing necessary documentation. Loan brokers receive a commission or fee for their services, often paid by the borrower or the lender.",
"url": "https://mlchart.com/terminology/law/loan-broker/"
}
Record 3,045 of 5,441 in Law terminology (MLC-0107). Request the full dataset.