### Question
How is the term mortgagee defined?


### Answer
The term **mortgagee** is defined in *12 U.S.C. § 4901* as the following:

> 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**

