The 2013 4th quarter edition of the Fed's Consumer Compliance Outlook explains the difference in the definition of dwelling between Reg B and Reg C:
The regulations also define dwellings differently. Under Regulation B, a dwelling is limited to residential structures with one to four units.17 But Regulation C defines dwellings to contain any number of units, and it excludes recreational units and “transitory residences such as hotels, hospitals, and college dormitories.â€
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Adam Witmer, CRCM
All statements are my opinion, not those of my employer, and should not be taken as legal advice.
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