Common use of Reg Clause in Contracts

Reg. 860G-2(a)(3) or any similar rule that treats a defective obligation as a qualified mortgage for a temporary period);

Reg. 860G-2(a)(3) or any similar rule that treats a defective obligation as a qualified mortgage for a temporary periodperiod and as determined based on the maximum line of credit, rather than the actual amount drawn, with respect to any Mortgage Loan that is a home equity line of credit);