### Question
What is the definition of mortgagee?


### Answer
The definition of **mortgagee** is as follows in *12 U.S.C. § 4901*:

> the holder of a residential mortgage at the time at which that mortgage transaction is consummated

#### Citation:
  - *12 U.S.C. § 4901*
  - Heading: **CHAPTER 49-HOMEOWNERS PROTECTION**

