### Question
How does the law define elderly person?


### Answer
Under *12 U.S.C. § 1701q*, **elderly person** is defined as:

> a household composed of one or more persons at least one of whom is 62 years of age or more at the time of initial occupancy

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

