Title 12 — Banks and BankingRelease 119-73
§2802 Definitions
Title 12 › Chapter CHAPTER 29— - HOME MORTGAGE DISCLOSURE › § 2802
Summary
Defines key words used in this chapter. Bureau is the federal Bureau of Consumer Financial Protection. Mortgage loan is a loan backed by a home or a home‑improvement loan. Depository institution includes banks, savings associations, credit unions, and other lending institutions. Completed application is an application that has the usual information a lender needs to decide on the requested credit. Other lending institutions are for‑profit mortgage lenders. Board is the Board of Governors of the Federal Reserve System. Secretary is the Secretary of Housing and Urban Development.
Full Legal Text
Title 12, §2802
Banks and Banking — Source: USLM XML via OLRC
For purposes of this chapter—
(1)the term “Bureau” means the Bureau of Consumer Financial Protection;
(2)the term “mortgage loan” means a loan which is secured by residential real property or a home improvement loan;
(3)the term “depository institution”—
(A)means—
(i)any bank (as defined in section 1813(a)(1) of this title);
(ii)any savings association (as defined in section 1813(b)(1) of this title); and
(iii)any credit union,
(B)includes any other lending institution (as defined in paragraph (4) 11 So in original. Probably should be “paragraph (5)”.) other than any institution described in subparagraph (A);
(4)the term “completed application” means an application in which the creditor has received the information that is regularly obtained in evaluating applications for the amount and type of credit requested;
(5)the term “other lending institutions” means any person engaged for profit in the business of mortgage lending;
(6)the term “Board” means the Board of Governors of the Federal Reserve System; and
(7)the term “Secretary” means the Secretary of Housing and Urban Development.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Amendments
2010—Pub. L. 111–203 added par. (1) and redesignated former pars. (1) to (6) as (2) to (7), respectively. 1989—Par. (2). Pub. L. 101–73, § 1211(d), amended par. (2) generally. Prior to amendment, par. (2) read as follows: “the term ‘depository institution’ means any commercial bank, savings bank, savings and loan association, building and loan association, homestead association (including cooperative banks) or credit union which makes federally related mortgage loans as determined by the Board, mortgage banking subsidiary of a bank holding company or savings and loan holding company, or savings and loan service corporation that originates or purchases mortgage loans;”. Pars. (3) to (6). Pub. L. 101–73, § 1211(e), added pars. (3) and (4) and redesignated former pars. (3) and (4) as (5) and (6), respectively. 1988—Par. (2). Pub. L. 100–242 struck out “or” before “homestead association” and inserted before semicolon at end “, mortgage banking subsidiary of a bank holding company or savings and loan holding company, or savings and loan service corporation that originates or purchases mortgage loans”.
Statutory Notes and Related Subsidiaries
Effective Date
of 2010 AmendmentAmendment by Pub. L. 111–203 effective on the designated transfer date, see section 1100H of Pub. L. 111–203, set out as a note under section 552a of Title 5, Government Organization and Employees.
Effective Date
of 1989 Amendment Pub. L. 101–73, title XII, § 1211(k), Aug. 9, 1989, 103 Stat. 526, provided that: “The
Amendments
made by this section [amending this section and section 2803, 2804, 2807, and 2810 of this title] shall apply to each calendar year beginning after December 31, 1989.”
Effective Date
of 1988 Amendment Pub. L. 100–242, title V, § 565(a)(4), Feb. 5, 1988, 101 Stat. 1945, as amended by Pub. L. 100–628, title X, § 1087(a), Nov. 7, 1988, 102 Stat. 3280, provided that: “The
Amendments
made by this subsection [amending section 2802, 2803, and 2810 of this title] shall be applicable to the portion of calendar year 1988 that begins
August 19, 1988, and to each calendar year beginning after
December 31, 1988.”
Reference
Citations & Metadata
Citation
12 U.S.C. § 2802
Title 12 — Banks and Banking
Last Updated
Apr 6, 2026
Release point: 119-73