elderly homeowner
Defined in 1 place of the United States Code.
The terms “elderly homeowner” and “homeowner” mean any homeowner who is, or whose spouse is, at least 62 years of age or such higher age as the Secretary may prescribe.
Source
- 1994–present12 U.S.C. § 1715ZBanks and Banking · Insurance of home equity conversion mortgages for elderly homeowners · for purposes of this section