Page 23 - 2021 GIR
A preapproval request is an application under Regulation C if the request is:
1. For a home purchase loan;
2. Not secured by a multifamily dwelling;
3. Not for an open-end line of credit or for a reverse mortgage; and
4. Reviewed under a preapproval program (see definition of preapproval program
immediately below). 12 CFR 1003.2(b)(2).
The opinions expressed are mine and they are not to be taken as legal advice.