(4) Mortgage .— The term “mortgage” means a first mortgage or first lien on real estate, in fee simple, a first or subordinate mortgage or lien on all stock allocated to a dwelling unit in a residential cooperative housing corporation, or a first mortgage or first lien on a leasehold— (A) under a lease for not less than 99 years that is renewable; or (B) under a lease that has a term that ends no earlier than the minimum number of years, as specified by the Secretary, beyond the actuarial life expectancy of the mortgagor or comortgagor, whichever is the later date.


12 USC § 1715z-20(b)(4)

Scoping language

For purposes of this section
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