Assumed

Assumed includes transfers of real property subject to a real property loan by assumptions, installment land sales contracts, wraparound loans, contracts for deed, transfers subject to the mortgage or similar lien, and other like transfers. Completed credit application has the same meaning as completed application for credit as provided in 202.2(f) of this title.

Source

12 CFR § 191.2


Scoping language

For the purposes of this part, the following definitions apply:

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