Federally related mortgage loan definition

Federally related mortgage loan means a loan secured by a first lien or mortgage on one-to-four family residential immovable property subject to 12 U.S.C. 1735F(7).

Federally related mortgage loan means an extension of credit to a consumer secured by a first mortgage on residential immovable property located in this state, including: a mobile home which will be immobilized pursuant to R.S. 9:1149.4 and designed principally for the occupancy of from one to four families; and which is one of the following:

Federally related mortgage loan means an extension of credit to a

Examples of Federally related mortgage loan in a sentence

• The Special Information Booklet is provided only to borrowers who submit a written application for a Federally related mortgage loan.

• Those who are residents of long term care facilities, adult foster homes, hospitals, residential health care, or IDD facilities.

• This approach was consistent with RESPA’s requirement that creditors provide good faith estimates of settlement costs not later than three business days after the creditor receives the consumer’s application for a Federally related mortgage loan.

• A mortgage transactionsecured by a consumer’s interest in a ‘‘timeshare plan,’’ as defined in 11U.S.C. 101(53D), that is also a Federally related mortgage loan under RESPA is subject to the requirements of§ 226.19(a)(5) instead of the requirements of § 226.19(a)(1) through§ 226.19(a)(4).

• To be covered by§ 226.19, a transaction must be a Federally related mortgage loan under RESPA.

More Definitions of Federally related mortgage loan

Federally related mortgage loan means any loan other than temporary financing such as a construction loan which:

Federally related mortgage loan means any loan (other than temporary financing such as a construction loan) which (i) is secured by a first lien on residential real property (including in­ dividual units of condominiums and co­ operatives) that is designed principally for the occupancy of from one to four families and is located in a State; and (ii) (A ) is made in whole or in part by a depository institution the deposits or ac­ counts of which are insured by any agency of the Federal Government, or is

Federally related mortgage loan means any loan (other than temporary financing such as a construction loan) which (A) is secured by a first lien on residential real property (including in­ dividual units of condominiums and co­ operatives) designed principally for the occupancy of from one to four families; and (B) (i) is made in whole or in part by a depository institution the deposits or accounts of which are insured by any agency of the Federal Government, or is made in whole or in part by any deposi­ tory institution which is regulated by any agency of the Federal Government; or

Federally related mortgage loan means any loan other than

Federally related mortgage loan means a loan meeting the definition of “alternative mortgage transaction,” defined in Subsection A of this section, which is:

Federally related mortgage loan means a loan . . . which meets all of the following four requirements: * * * (2) The loan is secured by a first lien . . . covering real estate . . .

Federally related mortgage loan means any loan that is secured by a first or subordinate lien on residential real property and that inter alia is made in whole or in part by any lender that is either regulated by or whose deposits or accounts are insured by any agency of the Federal Government or is made in whole or in part by a creditor that makes or invests in residential real estate loans aggregating more than $1,000,000 per year.