Sec. 06.15.370. Definitions.
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Sec. 06.15.370. Definitions.
In this chapter,
(1)“conventional loan” means a loan secured by a first mortgage on unencumbered real property or leasehold estate other than a loan guaranteed or insured by a federal agency;
(2)“department” means the Department of Commerce, Community, and Economic Development;
(3)“financial institution” means a thrift institution, a commercial bank, a trust company, or an insurance company;
(4)“mutual bank” means a mutual savings bank chartered under this chapter;
(5)“thrift institution” means a cooperative bank, a homestead association, a mutual savings and loan association, or a mutual bank.