### Question
How is the term elderly families defined?


### Answer
The term **elderly families** is defined in *12 U.S.C. § 1715z* as the following:

> families which consist of two or more persons the head of which (or his spouse) is sixty-two years of age or over or is handicapped

#### Citation:
  - *12 U.S.C. § 1715z*
  - Heading: **CHAPTER 12-SAVINGS ASSOCIATIONS > SUBCHAPTER II-MORTGAGE INSURANCE**

