Common use of Covered Transaction Clause in Contracts

Covered Transaction. A “Covered Transaction” shall refer to a closed-end consumer credit transaction secured by a dwelling, including closed-end reverse mortgage transactions. • Loan Originator: The term “Loan Originator” shall have the meaning set forth in Regulation Z at 12 CFR §1026.36

Covered Transaction. A “Covered Transaction” shall refer to a closed-end closed‐end consumer credit transaction secured by a dwelling, including closed-end closed‐end reverse mortgage transactions. • Loan Originator: The term “Loan Originator” shall have the meaning set forth in Regulation Z at 12 CFR §1026.36