Mortgage servicing loan

Mortgage servicing loan means a federally related mortgage loan, as that term is defined in 1024.2, subject to the exemptions in 1024.5, when the mortgage loan is secured by a first lien. The definition does not include subordinate lien loans or open-end lines of credit (home equity plans) covered by the Truth in Lending Act and Regulation Z, including open-end lines of credit secured by a first lien.

Source

12 CFR § 1024.21


Scoping language

None
Is this correct? or