### Question
How does MORTGAGE INSURANCE define financial institution?


### Answer
Under *12 U.S.C. § 1715z*, **financial institution** is defined as:

> a lender approved by the Secretary as eligible for insurance under section 1703 of this title or a mortgagee approved under section 1709(b)(1) of this title

#### Citation:
  - *12 U.S.C. § 1715z*
  - Heading: **CHAPTER 13-NATIONAL HOUSING > SUBCHAPTER II-MORTGAGE INSURANCE**

