### Question
What is the definition of qualifying real property loan?


### Answer
The definition of **qualifying real property loan** is as follows in *26 U.S.C. § 593*:

> any loan secured by an interest in improved real property or secured by an interest in real property which is to be improved out of the proceeds of the loan, but such term does not include—


(A) any loan evidenced by a security (as defined in section 165(g)(2)(C))

#### 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.**

