loan commitment

(3)the term “loan commitment” means a prospective mortgagee’s written confirmation of its approval, including any applicable closing conditions, of the application of a prospective mortgagor for a residential mortgage loan. (b)Sections 4902 through 4904 of this title do not apply in the case of lender paid mortgage insurance. (c)In the case of lender paid mortgage insurance that is required in connection with a residential mortgage transaction—


12 USC § 4905(a)(3)

Scoping language

For purposes of this section
Is this correct? or