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<br />(5) I "Federal entity for lending regulation" means <br />the Board of Governors of the Federal Reserve System, <br />the Federal Deposit Insurance Corporation, the <br />Comptroller of the Currency, the Office of Thrift <br />Supervision, the National Credit Union Administration, <br />and the Farm Credit Administration, and with respect to <br />a particular regulated lending institution means the <br />entity primarily responsible for the supervision of the <br />institution; <br /> <br />, <br /> <br />(6) "Director" means the Director of the Federal <br />Emergency Management Agency;2 <br /> <br />(7) "Federal agency lender" means a Federal agency <br />that makes direct loans secured by improved real estate <br />or a mobile home, to the extent such agency acts in such <br />capacity; <br /> <br />(8) The term "improved real estate" means real <br />estate upon which a building is located; <br /> <br />(9) "Lender" means a regulated lending institution <br />or Federal agency lender; <br /> <br />(10) "Regulated lending institution" means any <br />bank, savings and loan association, credit union; farm <br />credit bank, Federal land bank association, production <br />credit association, or similar institution subject to <br />the supervision of a Federal entity for lending <br />regulation; and <br /> <br />(11) "Servicer" means the person responsible for <br />receiving any scheduled periodic payments from a <br />borrower pursuant to the terms of a loan, including <br />amounts for taxes, insurance premiums, and other charges <br /> <br />ISec. 511, National Flood Insurance Reform Act of 1994, <br />Public Law 103-325, approved September 23, 1994, removed <br />paragraph (5) in it entirety and inserted this new <br />paragraph (5) in lieu thereof; and by adding paragraphs <br />(7) through (11). <br /> <br />2public Law 98-181 changed titles from "Secretary" to <br />"Director" here and in numerous other places in this <br />Act. <br /> <br />3 <br />