home equity conversion mortgage
(3) The term “home equity conversion mortgage” means a first mortgage which provides for future payments to the homeowner based on accumulated equity and which a housing creditor (as defined in section 3802(2) of this title ) is authorized to make (A) under any law of the United States (other than section 3803 of this title ) or applicable agency regulations thereunder; (B) in accordance with section 3803 of this title , notwithstanding any State constitution, law, or regulation; or (C) under any State constitution, law, or regulation.