adjustable rate mortgage loan

(2)the term “adjustable rate mortgage loan” means any consumer loan secured by a lien on a one- to four-family dwelling unit, including a condominium unit, cooperative housing unit, or mobile home, where the loan is made pursuant to an agreement under which the creditor may, from time to time, adjust the rate of interest. (e)This section shall take effect upon the expiration of 120 days after.

Source

12 USC § 3806(d)(2)


Scoping language

For the purpose of this section
Is this correct? or