[Code of Federal Regulations]
[Title 12, Volume 2]
[Revised as of January 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 12CFR203.2]

[Page 76-77]
 
                       TITLE 12--BANKS AND BANKING
 
                   CHAPTER II--FEDERAL RESERVE SYSTEM
 
PART 203--HOME MORTGAGE DISCLOSURE (REGULATION C)--Table of Contents
 
Sec. 203.2  Definitions.

    In this regulation:
    (a) Act means the Home Mortgage Disclosure Act (12 U.S.C. 2801 et 
seq.), as amended.
    (b) Application means an oral or written request for a home purchase 
or home improvement loan that is made in accordance with procedures 
established by a financial institution for the type of credit requested.
    (c) Branch office means: (1) Any office of a bank, savings 
association, or credit union that is approved as a branch by a federal 
or state supervisory agency, but excludes free-standing electronic 
terminals such as automated teller machines;
    (2) Any office of a mortgage lending institution (other than a bank, 
savings association, or credit union) that takes applications from the 
public for home purchase or home improvement loans. A mortgage lending 
institution is also deemed to have a branch office in an MSA if, in the 
preceding calendar year, it received applications for, originated, or 
purchased five or more home purchase or home improvement loans on 
property located in that MSA.
    (d) Dwelling means a residential structure (whether or not it is 
attached to real property) located in a state of the United States of 
America, the District of Columbia, or the Commonwealth of Puerto Rico. 
The term includes an individual condominium unit, cooperative unit, or 
mobile or manufactured home.
    (e) Financial institution means:
    (1) A bank, savings association, or credit union that originated in 
the preceding calendar year a home purchase

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loan (other than temporary financing such as a construction loan), 
including a refinancing of a home purchase loan, secured by a first lien 
on a one- to four-family dwelling if:
    (i) The institution is federally insured or regulated; or
    (ii) The loan is insured, guaranteed, or supplemented by any federal 
agency; or
    (iii) The institution intended to sell the loan to the Federal 
National Mortgage Association or the Federal Home Loan Mortgage 
Corporation;
    (2) A for-profit mortgage lending institution (other than a bank, 
savings association, or credit union) whose home purchase loan 
originations (including refinancings of home purchase loans) equaled or 
exceeded ten percent of its loan origination volume, measured in 
dollars, in the preceding calendar year.
    (f) Home improvement loan means any loan that:
    (1) Is for the purpose, in whole or in part, of repairing, 
rehabilitating, remodeling, or improving a dwelling or the real property 
on which it is located; and
    (2) Is classified by the financial institution as a home improvement 
loan.
    (g) Home purchase loan means any loan secured by and made for the 
purpose of purchasing a dwelling.
    (h) Metropolitan statistical area or MSA means a metropolitan 
statistical area or a primary metropolitan statistical area, as defined 
by the U.S. Office of Management and Budget.

[Reg. C, 54 FR 51362, Dec. 15, 1989, as amended at 56 FR 59857, Nov. 26, 
1991; 59 FR 63704, Dec. 9, 1994]