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qualified subprime loan

Defined in 1 dictionary — U.S. Code

United States Code

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

The term “qualified subprime loan” means an adjustable rate single-family residential mortgage loan made after December 31, 2001, and before January 1, 2008, that the bond issuer determines would be reasonably likely to cause financial hardship to the borrower if not refinanced.