### Question
How is the "preferred purchaser" defined?


### Answer
The term **preferred purchaser** is defined in *12 U.S.C. § 1710* as follows -

> a purchaser described in paragraph (4)

#### Citation:
  - *12 U.S.C. § 1710*
  - Heading: **CHAPTER 13-NATIONAL HOUSING > SUBCHAPTER II-MORTGAGE INSURANCE**

