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#109861 - 08/26/03 04:09 PM RMT
Anonymous
Unregistered

Could you tell me where to look to find the definition of a "Residential Mortgage Transaction"?


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Lending Compliance
#109862 - 08/26/03 04:18 PM Re: RMT
SPF36 Offline
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SPF36
Joined: Jul 2002
Posts: 20
Reg Z (TILA) defines it as follows:
24) 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 in the consumer's principal dwelling to finance the acquisition or initial construction of that dwelling.

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