qualified replacement mortgage

(4) Qualified replacement mortgage The term “qualified replacement mortgage” means any obligation— (A) which would be a qualified mortgage if transferred on the startup day in exchange for regular or residual interests in the REMIC, and (B) which is received for— (i) another obligation within the 3-month period beginning on the startup day, or (ii) a defective obligation within the 2-year period beginning on the startup day.


26 USC § 860G(a)(4)

Scoping language

For purposes of this part
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