### Question
What is the definition of adjustable rate mortgage loan?


### Answer
The definition of **adjustable rate mortgage loan** is as follows in *12 U.S.C. § 3806*:

> any consumer loan secured by a lien on a one- to four-family dwelling unit, including a condominium unit, cooperative housing unit, or mobile home, where the loan is made pursuant to an agreement under which the creditor may, from time to time, adjust the rate of interest

#### Citation:
  - *12 U.S.C. § 3806*
  - Heading: **CHAPTER 39-ALTERNATIVE MORTGAGE TRANSACTIONS**

