### Question
What is the definition of financial institution?


### Answer
The definition of **financial institution** is as follows in *12 U.S.C. § 1715k*:

> 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. § 1715k*
  - Heading: **CHAPTER 12-SAVINGS ASSOCIATIONS > SUBCHAPTER II-MORTGAGE INSURANCE**

