What is a definition of a mortgage loan?
Mortgage loan means any: (a) Residential loan primarily for personal, family or household use which is secured by a mortgage, deed of trust or other equivalent consensual security interest on a dwelling, as defined in s. 103(v) of the Federal Truth in Lending Act, or for the purchase of residential real estate upon which a dwelling is to be constructed (b) Loan on commercial real property or improved real property consisting of five or more dwelling units if, either apply: 1. The borrower is an individual 2. The lender is a nonistitutional investor (F.S.
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