Inside Director.

An inside director is a director of a company who is also an employee, officer, or major shareholder of that company. An inside director generally has access to confidential information about the company that is not available to outside directors. The term “inside director” is used in contrast to “outside director.” An outside director is … Read more

Notice of Default.

When a borrower falls behind on their mortgage payments, the lender will send them a notice of default. This notice will inform the borrower that they are in default on their mortgage and must take action to remedy the situation. The borrower will typically have a certain amount of time to bring their payments current … Read more