### Question
What does residential loan mean?


### Answer
**Residential loan** has the following meaning in *26 U.S.C. § 593*:

> any loan described in clause (v) of section 7701(a)(19)(C) but only if such loan is incurred in acquiring, constructing, or improving the property described in such clause

#### Citation:
  - *26 U.S.C. § 593*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter H-Banking Institutions > PART II-MUTUAL SAVINGS BANKS, ETC.**

