Missouri Code of State Regulations
Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE
Division 1140 - Division of Finance
Chapter 20 - Association Loans
Section 20 CSR 1140-20.010 - Definitions

(A) Residential real estate-real estate used or intended to be used as a residence by not more than four (4) families;

(B) Single family dwelling-a structure designed for residential use by one (1) family; or a unit in a condominium, as defined in Chapter 448, RSMo. The term also includes property owned in common with others which is necessary to or contributes to the use and enjoyment of such a structure or unit;

(C) Home-a structure designed and used as a residence by one (1) family or a structure designed and used for occupancy of one to four (1-4) family units;

(D) Other real estate-land on which structures or improvements which do not qualify the property as residential real estate may or may not be constructed, or improved, or unimproved land on which nonresidential structures or improvements may or may not be constructed;

(E) Commercial loans-secured and unsecured loans for commercial, corporate, business or agricultural purposes;

(F) Consumer loans-secured or unsecured loans for personal, family, home improvement or household purposes, including any loan reasonably incident to the consumer loan;

(G) Consumer goods-goods bought or used primarily for personal, family, home improvement or household purposes;

(H) Improved real estate-building lots or sites upon which improvements have been completed; or building lots or sites ready for the construction of a structure designed for residential or commercial use;

(I) Manufactured home-a movable-dwelling constructed in one (1) or more units (to occupy land) having a minimum width of ten feet (10') and a minimum area of four hundred (400) square feet and containing living facilities for year-round occupancy by one (1) family, but does not include mobile homes which do not conform to the applicable standards and requirements of Chapter 700, RSMo regarding mobile home standards;

(J) Manufactured home chattel paper- written evidence of both a monetary obligation and a security interest of first priority in one (1) or more manufactured homes and any equipment installed or to be installed;

(K) Manufacturer's invoice price-a manufacturer's itemized charges, shown on its invoice, for a specifically identified manufactured home, furnishings, equipment and accessories installed by the manufacturer and freight;

(L) Wrap-around real estate loan-a financing device where a junior lien secures a liability consisting of the amount of senior debt, plus any additional funds advanced to the borrower, where the original mortgagor continues to be personally liable on the senior debt;

(M) Loan secured by leasehold-a loan secured by a first lien on a leasehold interest in real property and improvements situated on that real property;

(N) Combination of home and business property-real property which is used in part for business purposes and in part for residential purposes by not more than four (4) families;

(O) Education loans-loans made for the payment of educational expenses; and

(P) Loans on securities-loans to insured financial institutions, or to any broker or dealer registered with the Securities and Exchange Commission, secured by loans, obligations or investments in which an association has the authority to invest directly.