Qualified Rehabilitation Loan Law and Legal Definition
According to 26 USCS § 143 (k)(5)(A) [Title 26. Internal Revenue Code; Subtitle A. Income Taxes; Chapter 1. Normal Taxes and Surtaxes; Subchapter B. Computation of Taxable Income; Part IV. Tax Exemption Requirements for State and Local Bonds; Subpart A. Private Activity Bonds], the term “qualified rehabilitation loan” means “any owner-financing provided in connection with--
(i) a qualified rehabilitation, or
(ii) the acquisition of a residence with respect to which there has been a qualified rehabilitation,
but only if the mortgagor to whom such financing is provided is the first resident of the residence after the completion of the rehabilitation.”
Legal Definition list
- Qualified Rehabilitation
- Qualified Redevelopment Bond
- Qualified Real Estate Investment Trusts [Internal Revenue]
- Qualified Real Estate Agent
- Qualified Purchaser [Banks & Banking]
- Qualified Rehabilitation Loan
- Qualified Relative
- Qualified Replacement Mortgage
- Qualified Resident
- Qualified Retirement Plan
- Qualified Retirement Planning Services
Related Legal Terms
- Accelerated Rehabilitation
- Acquisition and Improvement Loan [Veterans' Relief]
- Acquisition Loan [HUD]
- Acquisition, Development and Construction (ADC) Loan
- Adjustable Rate Mortgage Loan
- Administrative Cost of Issuing a Loan Guarantee
- Air Loan
- Alcoholic Rehabilitation Hospital
- Allowance for Loan and Lease Losses
- Alternate Payee to Qualified Domestic Relations Order
