### Question
How does SAVINGS ASSOCIATIONS define mortgagee?


### Answer
Under *12 U.S.C. § 1713*, **mortgagee** is defined as:

> the original lender under a mortgage, and its successors and assigns, and includes the holders of credit instruments issued under a trust mortgage or deed of trust pursuant to which such holders act by and through a trustee therein named

#### Citation:
  - *12 U.S.C. § 1713*
  - Heading: **CHAPTER 12-SAVINGS ASSOCIATIONS > SUBCHAPTER II-MORTGAGE INSURANCE**

