U.S. CODE

U.S. Code

§ 2802. Definitions

For purposes of this chapter—

(1) the term “mortgage loan” means a loan which is secured by residential real property or a home improvement loan;

(2) the term “depository institution”—

(A) means—

(i) any bank (as defined in section 1813 (a)(1) of this title);

(ii) any savings association (as defined in section 1813 (b)(1) of this title); and

(iii) any credit union,

which makes federally related mortgage loans as determined by the Board; and

(B) includes any other lending institution (as defined in paragraph (4)) other than any institution described in subparagraph (A);

(3) the term “completed application” means an application in which the creditor has received the information that is regularly obtained in evaluating applications for the amount and type of credit requested;

(4) the term “other lending institutions” means any person engaged for profit in the business of mortgage lending;

(5) the term “Board” means the Board of Governors of the Federal Reserve System; and

(6) the term “Secretary” means the Secretary of Housing and Urban Development.

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