12 USC 3752 - Definitions

U.S Code last checked for updates: Nov 22, 2024

§ 3752.

Definitions

For purposes of this chapter, the following definitions shall apply:

(1)

Bona fide purchaser

(2)

County

(3)

Mortgage

(4)

Mortgage agreement

(5)

Mortgagor

(6)

Owner

(7)

Person

(8)

Record; recorded

(9)

Security property

(10)

Single family mortgage

The term “single family mortgage” means a mortgage that covers property on which there is located a 1- to 4-family residence, and that—

(A)

is held by the Secretary pursuant to title I or title II of the National Housing Act [12 U.S.C. 1702 et seq., 1707 et seq.]; or

(B)

secures a loan obligated by the Secretary under section 1452b of title 42, as it existed before the repeal of that section by section 12839 of title 42 (except that a mortgage securing such a loan that covers property containing nonresidential space and a 1- to 4-family dwelling shall not be subject to this chapter).

(11)

State

The term “State” means—

(A)

the several States;

(B)

the District of Columbia;

(C)

the Commonwealth of Puerto Rico;

(D)

the United States Virgin Islands;

(E)

Guam;

(F)

American Samoa;

(G)

the Northern Mariana Islands;

(H)

the Trust Territory of the Pacific Islands; and

(I)

Indian tribes, as defined by the Secretary.

(Pub. L. 103–327, title II, Sept. 28, 1994, 108 Stat. 2316.)

cite as: 12 USC 3752