---
kind: "section"
citation: "24 C.F.R. § 25.3"
title: "24"
number: "25.3"
heading: "Definitions."
url: "https://uscodex.org/cfr/24/25.3"
---

# §25.3. Definitions.


Adequate evidence. Information sufficient to support the reasonable belief that a particular act or omission has occurred.

Board. The Mortgagee Review Board.

Lender. A financial institution as defined in paragraphs (a) and (b) of the definition of lender in [§ 202.2](/cfr/24/202.2.md) of this title.

Mortgagee. For purposes of this part, the term “mortgagee” includes:

- (1) The original lender under the mortgage, as that term is defined at sections 201(a) and 207(a)(1) of the National Housing Act (12 U.S.C. [1707(a)](/usc/12/1707.md?p=a), [1713(a)(1)](/usc/12/1713.md?p=a-1));
- (2) A lender, as defined in this section;
- (3) A branch office or subsidiary of the mortgagee or lender; or
- (4) **Successors and assigns of the mortgagee or lender, as are approved by the Commissioner.** Person. Any individual, corporation, partnership, association, unit of government or legal entity, however organized.

  Secretary. The Secretary of the Department of Housing and Urban Development or a person designated by the Secretary.


## Notes

### Amendments

[57 FR 31051, July 13, 1992; 57 FR 37085, Aug. 18, 1992, as amended at 60 FR 13835, Mar. 14, 1995; 60 FR 39237, Aug. 1, 1995; 61 FR 685, Jan. 9, 1996; 62 FR 20081, Apr. 24, 1997; 72 FR 53878, Sept. 20, 2007; 73 FR 60540, Oct. 10, 2008; 77 FR 51467, Aug. 24, 2012]

### Authority

Authority: 12 U.S.C. 1708(c), 1708(d), 1709(s), 1715b and 1735(f)-14; 42 U.S.C. 3535(d).

### Source

Source: 57 FR 31051, July 13, 1992, unless otherwise noted.

### Amendments

[57 FR 31051, July 13, 1992; 57 FR 37085, Aug. 18, 1992, as amended at 60 FR 13835, Mar. 14, 1995; 60 FR 39237, Aug. 1, 1995; 61 FR 685, Jan. 9, 1996; 62 FR 20081, Apr. 24, 1997; 72 FR 53878, Sept. 20, 2007; 73 FR 60540, Oct. 10, 2008; 77 FR 51467, Aug. 24, 2012]