Constant Maturity - The constant maturity takes place when there is a quoted return, or yield, on a financial
instrument, that is fixed and it involves comparing the
instrument in question with other financial
instruments that are also fixed, but that have different maturities, which is the given date the debt
become due for payment.
-- including a lien on the stock of a cooperative housing corporation (a «co-op»)-- no lender can enforce its
due - on - sale clause
due to any of the following prevalent circumstances: (1) The creation of a lien (or other encumbrance subordinate to the lender's security
instrument) that does not relate to a transfer of rights of occupancy in the property; (2) The creation of a purchase money security interest for household appliances; (3) A transfer by devise, descent, or operation of law on the death of a joint tenant or tenant by the entirety; (4) The granting of a leasehold interest of three years or less * not containing an option to purchase (5) A transfer to a relative resulting from the death of a borrower; (6) A transfer where the spouse or children of the borrower would
become owners of the property; (7) A transfer resulting from a decree of dissolution of marriage, legal separation agreement, or from an incidental property settlement agreement, by which the spouse of the borrower
becomes an owner of the property (8) A transfer of the borrower's property into an inter vivos trust in which the borrower is and remains a beneficiary and which [trust agreement] does not relate to a transfer of rights of occupancy in the property; or (9) Any other transfer or disposition described in regulations prescribed by the Federal Home Loan Bank Board.