United States Code

12 U.S.C. § 3702

Definitions

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Bills that would change it 16

  • HR 6644 21st Century ROAD to Housing Act Amends 3702(2) · enacted · 119th Congress
  • HRES 1299 Providing for the concurrence by the House in the Senate amendment to H.R. 6644, with amendment. Amends 3702(2) · introduced · 119th Congress
  • HR 6337 ROAD to Housing Act of 2025 Amends 3702(2) · introduced · 119th Congress
  • S 2296 National Defense Authorization Act for Fiscal Year 2026 Amends 3702(2) · introduced · 119th Congress
  • HR 5371 Continuing Appropriations, Agriculture, Legislative Branch, Military Construction and Veterans Affairs, and Extensions Act, 2026 Amends · enacted · 119th Congress
  • HR 3944 Military Construction and Veterans Affairs, Agriculture, and Legislative Branch Appropriations Act, 2026 Amends · introduced · 119th Congress
  • HR 4957 Rural Housing Service Reform Act of 2025 Amends 3702(2) · introduced · 119th Congress
  • S 2651 ROAD to Housing Act of 2025 Amends 3702(2) · introduced · 119th Congress
  • S 2256 Agriculture, Rural Development, Food and Drug Administration, and Related Agencies Appropriations Act, 2026 Amends · introduced · 119th Congress
  • S 1260 Rural Housing Service Reform Act of 2025 Amends 3702(2) · introduced · 119th Congress
  • HR 6785 Rural Housing Service Reform Act of 2023 Amends · introduced · 118th Congress
  • S 2790 Rural Housing Service Reform Act of 2023 Amends · introduced · 118th Congress
  • HR 4366 Consolidated Appropriations Act, 2024 Amends · enacted · 118th Congress
  • HRES 1061 Providing for the concurrence by the House in the Senate amendment to H.R. 4366, with an amendment. Amends · introduced · 118th Congress
  • S 2131 Agriculture, Rural Development, Food and Drug Administration, and Related Agencies Appropriations Act, 2024 Amends · introduced · 118th Congress
  • S 1389 Rural Housing Service Reform Act of 2023 Amends its part · introduced · 118th Congress

The law today

From the official United States Code, current through Public Law 119-121.

As used in this chapter— (1) “mortgage” means a deed of trust, mortgage, deed to secure debt, security agreement, or any other form of instrument under which any interest in property, real, personal or mixed, or any interest in property including leaseholds, life estates, reversionary interests, and any other estates under applicable State law, is conveyed in trust, mortgaged, encumbered, pledged, or otherwise rendered subject to a lien, for the purpose of securing the payment of money or the performance of an obligation; (2) “multifamily mortgage” means a mortgage held by the Secretary pursuant to— (A) section 608 or 801, or title II or X, of the National Housing Act [12 U.S.C. 1743, 1748, 1707 et seq., 1749aa et seq.]; (B) section 312 of the Housing Act of 1964 [42 U.S.C. 1452b], as it existed immediately before its repeal by section 289 of the Cranston-Gonzalez National Affordable Housing Act; (C) section 202 of the Housing Act of 1959 [12 U.S.C. 1701q], as it existed immediately before its amendment by section 801 of the Cranston-Gonzalez National Affordable Housing Act; (D) section 202 of the Housing Act of 1959 [12 U.S.C. 1701q], as amended by section 801 of the Cranston-Gonzalez National Affordable Housing Act; (E) section 811 of the Cranston-Gonzalez National Affordable Housing Act [42 U.S.C. 8013]; and (F) section 514 1 515, or 538 of the Housing Act of 1949 (42 U.S.C. 1484, 1485, 1490p–2). (3) “mortgage agreement” means the note or debt instrument and the mortgage instrument, deed of trust instrument, trust deed, or instrument or instruments creating the mortgage, including any instrument incorporated by reference therein (including any applicable regulatory agreement), and any instrument or agreement amending or modifying any of the foregoing; (4) “mortgagor” means the obligor, grantor, or trustor named in the mortgage agreement and, unless the context otherwise indicates, includes the current owner of record of the security property whether or not personally liable on the mortgage debt; (5) “person” includes any individual, group of individuals, association, partnership, corporation, or organization; (6) “record” and “recorded” include “register” and “registered” in the instance of registered land; (7) “security property” means the property, real, personal or mixed, or an interest in property, including leaseholds, life estates, reversionary interests, and any other estates under applicable State law, together with fixtures and other interests subject to the lien of the mortgage under applicable State law; (8) “State” means the several States, the District of Columbia, the Commonwealth of Puerto Rico, the territories and possessions of the United States, and the Trust Territory of the Pacific Islands, and Indian tribes as defined by the Secretary; (9) “county” means county as defined in section 2 of title 1; and (10) “Secretary” means the Secretary of Housing and Urban Development and the Secretary of Agriculture.
Official text at uscode.house.gov ↗