### Question
How does the law define securitization vehicle?


### Answer
Under *15 U.S.C. § 1639a*, **securitization vehicle** is defined as:

> a trust, special purpose entity, or other legal structure that is used to facilitate the issuing of securities, participation certificates, or similar instruments backed by or referring to a pool of assets that includes residential mortgages (or instruments that are related to residential mortgages such as credit-linked notes)

#### Citation:
  - *15 U.S.C. § 1639a*
  - Heading: **CHAPTER 41-CONSUMER CREDIT PROTECTION > SUBCHAPTER I-CONSUMER CREDIT COST DISCLOSURE > Part B-Credit Transactions**

