Residential Loan Transaction Law and Legal Definition
Residential loan transaction is defined as a "transaction in which a mortgage, deed of trust, purchase money security interest arising under an installment sales contract, or equivalent consensual security interest is created or retained against the consumer's dwelling to finance the acquisition or initial construction of such dwelling." Lechner v. Citimortgage, Inc., 2009 U.S. Dist. LEXIS 65836, 12-13 (N.D. Tex. July 29, 2009)
Legal Definition list
- Residential Lease
- Residential Infrastructure
- Residential Extended Care Services
- Residential Dwelling
- Residential District [Transportation]
- Residential Loan Transaction
- Residential Mortgage
- Residential Mortgage Loan
- Residential Mortgage Transaction
- Residential Mortgage-Backed Securities (RMBS)
- Residential Property
Related Legal Terms
- ABC Transaction [Oil & Gas]
- 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
- Agency Transaction (Securities)
- Air Loan
- Allowance for Loan and Lease Losses
- Alternative Mortgage Transaction [Banks & Banking]
