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qualified home improvement loan

Defined in 1 dictionary — U.S. Code

United States Code

26 U.S.C. § 143 — for purposes of this section

The term “qualified home improvement loan” means the financing (in an amount which does not exceed $15,000)—

(A) of alterations, repairs, and improvements on or in connection with an existing residence by the owner thereof, but

(B) only of such items as substantially protect or improve the basic livability or energy efficiency of the property.