Definitions.

CFR · 2024-01-01 · US · Title 12

For purposes of this part: (1) That is secured by an interest in a residential structure that contains one to four units, whether or not that structure is attached to real property, including an individual condominium unit, cooperative unit, mobile home, or trailer, if it is used as a residence; (2) That is made primarily for personal, family, or household purposes; and (3) In which the interest rate or finance charge may be adjusted or renegotiated. (1) A depository institution, as defined in section 501(a)(2) of the Depository Institutions Deregulation and Monetary Control Act of 1980; (2) A lender approved by the Secretary of Housing and Urban Development for participation in any mortgage insurance program under the National Housing Act; (3) Any person who regularly makes loans, credit sales, or advances on an account secured by an interest in a residential structure that contains one to four units, whether or not the structure is attached to real property, including an individual condominium unit, cooperative unit, mobile home, or trailer, if it is used as a residence; and (4) Any transferee of a party listed in paragraph (c)(1), (2), or (3) of this section.

official document · source cfr-2024 · id 12:§ 1004.2