10-11.2 Definitions.
For the purpose of this Section, the following definitions shall apply unless the context clearly indicates or requires a different meaning.
APPLICABLE LAWS. All controlling applicable federal, commonwealth and local statutes, regulations, ordinances and administrative rules and orders that have the effect of law, as well as all applicable final, non-appealable judicial opinions.
ENTITY. A business organization, or any other kind of organization, including, without limitation, a corporation, partnership, trust, limited liability corporation, limited liability partnership, joint venture, sole proprietorship, development or project, or any other category of organization, and any employee, agent, servant or other representative of such entity.
FORECLOSING OWNER. Any natural person or entity that holds title in any capacity, directly or indirectly, without limitation, whether in its own name, as trustee or as beneficiary, to a housing accommodation that has been foreclosed upon and either:
(1) Held or owned a mortgage or other security interest in the housing accommodation at any point prior to the foreclosure of the housing accommodation, or is the subsidiary, parent, trustee or agent thereof;
(2) Is an institutional mortgagee that acquires or holds title to the housing accommodation; or
(3) Is the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation.