### Question
How is the term residential property defined?


### Answer
The term **residential property** is defined in *12 U.S.C. § 1701x* as the following:

> a 1-family residence, including a 1-family unit in a condominium project, a membership interest and occupancy agreement in a cooperative housing project, and a manufactured home and the lot on which the home is situated

#### Citation:
  - *12 U.S.C. § 1701x*
  - Heading: **CHAPTER 12-SAVINGS ASSOCIATIONS**

