### Question
How does ALTERNATIVE MORTGAGE TRANSACTIONS define adjustable rate mortgage loan?


### Answer
Under *12 U.S.C. § 3806*, **adjustable rate mortgage loan** is defined as:

> 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**

