Residential Mortgage Loan Law and Legal Definition
According to 12 USCS § 5102 (8), the term residential mortgage loan means “any loan primarily for personal, family, or household use that is secured by a mortgage, deed of trust, or other equivalent consensual security interest on a dwelling (as defined in section 103(v) of the Truth in Lending Act [15 USCS § 1602(v)]) or residential real estate upon which is constructed or intended to be constructed a dwelling (as so defined).”
Legal Definition list
- Residential Mortgage
- Residential Loan Transaction
- Residential Lease
- Residential Infrastructure
- Residential Extended Care Services
- Residential Mortgage Loan
- Residential Mortgage Transaction
- Residential Mortgage-Backed Securities (RMBS)
- Residential Property
- Residential Real Property
- Residential Rental Property
Related Legal Terms
- Acquisition and Improvement Loan [Veterans' Relief]
- Acquisition Loan [HUD]
- Acquisition, Development and Construction (ADC) Loan
- Adjustable Rate Mortgage
- Adjustable Rate Mortgage Caps
- Adjustable Rate Mortgage Loan
- Administrative Cost of Issuing a Loan Guarantee
- Air Loan
- Allowance for Loan and Lease Losses
- Alternative Mortgage Instruments (ATI)
