Consumer home loan definition
Consumer home loan means a loan in which:
Consumer home loan means a loan in which: [§37-23-20(4)(a)(b)(c)]
Consumer home loan means a loan, including a home
More Definitions of Consumer home loan
Consumer home loan means a loan in which the borrower is a natural person, the debt is incurred by the borrower primarily for personal, family, or household purposes, and the
Consumer home loan means a loan in which the borrower is a natural person, the debt is incurred by the borrower primarily for personal, family, or household purposes, and the loan is secured by a mortgage or deed of trust upon real estate upon which there is located or there is to be located a structure or structures designed principally for occupancy of from one to four families which is or will be occupied by the borrower as the borrower's principal dwelling.
Consumer home loan means a loan, including a home equity line of credit as defined in section 535.10, in which the borrower is a natural person, the loan proceeds are to be used primarily for personal, family, or household purposes, and the loan is secured by a mortgage or deed of trust upon residential real property as defined in section 535B.1. Consumer home loan includes a loan used to purchase residential real property and a refinancing of an existing consumer home loan, but specifically excludes reverse mortgage transactions.