### Question
What is the definition of covered mortgage obligation?


### Answer
The definition of **covered mortgage obligation** is as follows in *15 U.S.C. § 636m*:

> any indebtedness or debt instrument incurred in the ordinary course of business that—


(A) is a liability of the borrower

#### Citation:
  - *15 U.S.C. § 636m*
  - Heading: **CHAPTER 14A-AID TO SMALL BUSINESS**

