Mortgage

Mortgage means:
(1)
(i) A first lien as is commonly given to secure advances on, or the unpaid purchase price of, real estate under the laws of the jurisdiction where the property is located and may refer to a security instrument creating a lien, whether called a mortgage, deed of trust, security deed, or another term used in a particular jurisdiction; or
(ii) A loan secured by collateral as required by 24 CFR 1005.107; and
(2) The credit instrument, or note, secured thereby.

Source

24 CFR § 1005.103


Scoping language

None
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