conforming mortgage

(26) Conforming mortgage The term “conforming mortgage” means, with respect to an enterprise, a conventional mortgage having an original principal obligation that does not exceed the dollar amount limitation in effect at the time of such origination and applicable to such mortgage, under, as applicable— (A) section 302(b)(2) of the Federal National Mortgage Association Charter Act [ 12 U.S.C. 1717(b)(2) ]; or (B) section 305(a)(2) of the Federal Home Loan Mortgage Corporation Act [ 12 U.S.C. 1454(a)(2) ].

Source

12 USC § 4502(26)


Scoping language

None identified. Default scope is assumed to be the entire title.
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