| occupancy |
Indicates whether the property to which the loan application relates will be the borrower's principal dwelling. For multifamily dwellings (housing five or more families), and any dwellings located outside MSA/MDs, or in MSA/MDs where an institution does not have a home or branch offices, an institution may either enter the code for not applicable or the code for the actual occupancy status.
Ãâó: www.ffiec.gov/hmda/glossary.htm
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|---|---|
| occupancy |
Purpose(s) for which a building or premises is used.
Ãâó: www.oneilandco.com/insurnce/trmnolgy.htm
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| occupancy |
holding, possessing, or occupying premises.
Ãâó: www.businesslink.gov.uk/bdotg/action/detail
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| occupancy |
A term referring to the use of the property. Generally, there are four types of occupancy: 1) owner (lives in the property), 2) non-owner (does not live in the property, rents the property), 3) investment, and 4) second/vacation (property is not rented, but is lived in at least one day per year by the owner).
Ãâó: www.key.com/html/MOL-6.1.html
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| occupancy |
Residing in or using real estate.
Ãâó: www.new-york-new-york-real-estate.com/o1.html
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