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Is the definition of "residential mortgage loan" in the MLOLA identical to the definition of "mortgage loan" in the Mortgage Brokers, Lenders, and Servicers Licensing Act (MBLSLA)?

Is the definition of "residential mortgage loan" in the MLOLA identical to the definition of "mortgage loan" in the Mortgage Brokers, Lenders, and Servicers Licensing Act (MBLSLA)?

No. Although the definitions are similar, the MLOLA includes loans secured by mobile or manufactured homes, while the MBLSLA does not include these transactions unless the home is affixed to real property.