Loan location.

Loan location. A loan is located as follows:
(1) A consumer loan is located in the census tract where the borrower resides at the time that the borrower submits the loan application;
(2) A home mortgage loan or a multifamily loan is located in the census tract where the property securing the loan is located; and
(3) A small business loan or small farm loan is located in the census tract where the main business facility or farm is located or where the borrower will otherwise apply the loan proceeds, as indicated by the borrower.

Source

12 CFR § 228.12

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Scoping language

For purposes of this part, the following definitions apply:

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