Four terms are defined by pointing to other statutes
What the document says“``(iii) Residential mortgage loan.--The term `residential mortgage loan' has the meaning given the term in section 1503 of the S.A.F.E. Mortgage Licensing Act of 2008 (12 U.S.C. 5102).”
Subparagraph (A) of the paragraph added to section 604(c) of the Fair Credit Reporting Act defines four terms for use in that paragraph: credit union, insured depository institution, residential mortgage loan, and servicer. Each definition gives the term the meaning it already has in another statute, named by citation: the Federal Credit Union Act, the Federal Deposit Insurance Act, the S.A.F.E. Mortgage Licensing Act of 2008, and the Real Estate Settlement Procedures Act of 1974. Those statutes are not indexed here, so the definitions themselves are not recorded.
What the document actually says“``(iii) Residential mortgage loan.--The term `residential mortgage loan' has the meaning given the term in section 1503 of the S.A.F.E. Mortgage Licensing Act of 2008 (12 U.S.C. 5102).”
The new words say what a home loan means here. They point to an older law for the answer.
The new part uses four terms. They are credit union, insured bank, home loan, and loan servicer. Each one is spelled out in an older law. The new part just points to those laws.
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