residential mortgage transaction

(x) The term “residential mortgage transaction” means a transaction in which a mortgage, deed of trust, purchase money security interest arising under an installment sales contract, or equivalent consensual security interest is created or retained against the consumer’s dwelling to finance the acquisition or initial construction of such dwelling.

Source

15 USC § 1602(x)


Scoping language

None identified, default scope is assumed to be the parent (part A) of this section.
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