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• A home improvement loan is (a) any dwelling-secured loan to be used, at least in part, for repairing, rehabilitating, remodeling, or improving a dwelling or the real property on which the dwelling is located, and (b) any non-dwelling-secured loan (i) that is to be used, at least in part, for one or more of those purposes and (ii) that is classified as a home improvement loan by the institution.

  Federal Financial Institutions Examination Council - Cite This Source - This Definition
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  Cite Definition for Home Improvement Loan

  American Psychological Association (APA)

  Home Improvement Loan. (n.d.). Home Mortgage Disclosure Act (HMDA) Glossary. Retrieved May 28, 2023, from website: http://www.expertglossary.com/definition/home-improvement-loan.

  Chicago Manual of Style (CMS)

  Home Improvement Loan. www.ffiec.gov. Home Mortgage Disclosure Act (HMDA) Glossary. Federal Financial Institutions Examination Council. http://www.expertglossary.com/definition/home-improvement-loan (accessed: May 28, 2023).

  Modern Language Association (MLA)

  "Home Improvement Loan." Home Mortgage Disclosure Act (HMDA) Glossary. Federal Financial Institutions Examination Council. 28 May. 2023 http://www.expertglossary.com/definition/home-improvement-loan.

• Browse Related Terms: Dwelling, Home Improvement Loan, Home Purchase Loan, Loan Purpose, Occupancy, Property Type, Refinancing