### Question
How is the term alternative mortgage transaction defined?


### Answer
The term **alternative mortgage transaction** is defined in *12 U.S.C. § 3802* as the following:

> a loan or credit sale secured by an interest in residential real property, a dwelling, all stock allocated to a dwelling unit in a residential cooperative housing corporation, or a residential manufactured home (as that term is defined in section 5402(6) of title 42), in which the interest rate or finance charge may be adjusted or renegotiated, described and defined by applicable regulation

#### Citation:
  - *12 U.S.C. § 3802*
  - Heading: **CHAPTER 39-ALTERNATIVE MORTGAGE TRANSACTIONS**

