For purposes of § 1026.38 (j), a first user loan is a loan to finance construction of a new structure or purchase of a new manufactured home that is known at the time of consummation to be real property under State law, where the structure was constructed for sale or the manufactured home was purchased for purposes of resale and the loan is used as or converted to a loan to finance purchase by the first us
For purposes of § 1026.38 (j), a
first user loan is a loan to finance construction of a new structure or
purchase of a new manufactured
home that is known at the
time of consummation to be real property under State law, where the structure was constructed
for sale or the manufactured home was purchased for purposes of resale and the loan is used as or converted to a loan to finance purchase by the first us
for sale or the manufactured
home was
purchased for purposes of resale and the loan is used as or converted to a loan to finance purchase by the first us
for purposes of resale and the loan is used as or converted to a loan to finance
purchase by the
first user.