source:
  type: regulation
  id: reg-n-1014.2
  authority: 12 CFR §1014.2 — Definitions (Regulation N / Mortgage Acts and Practices — Advertising Rule, CFPB)
  description: 'Regulation N §1014.2 defines the operative terms of the MAP Rule, including ''commercial communication'',
    ''consumer'', ''credit'', ''dwelling'', ''mortgage credit product'', ''person'', and ''term''.

    '
obligations:
- id: reg-n-1014.2-definitions
  canonical_id: reg-n-1014.2-definitions
  section: 12 CFR §1014.2
  type: definition
  description: 'Definitions for Regulation N: commercial communication, consumer, credit, dwelling, mortgage credit
    product, person, and term.'
  tags:
  - regulator-direct
  - gap-fill
  primary_source:
    tier: 1
    source_class: ecfr-xml
    source_url: https://www.ecfr.gov/current/title-12/chapter-X/subchapter-B/part-1014
    snapshot_id: 418ac7f43f6eea48
    fetched_at: '2026-05-27T16:43:20+00:00'
    content_hash: sha256:3b9c01cde490bf2cfb5bfb10c835fd26b53792322c7dc27a49a374d541ccbf6f
    authority: 12 CFR Part 1014 — Regulation N / MAP Rule (Mortgage Acts and Practices, CFPB) § 1014.2
    paragraph_quote: 'For the purposes of this part: Commercial communication means any written or oral statement,
      illustration, or depiction, whether in English or any other language, that is designed to effect a sale or
      create interest in purchasing goods or services, whether it appears on or in a label, package, package insert,
      radio, television, cable television, brochure, newspaper, magazine, pamphlet, leaflet, circular, mailer, book
      insert, free standing insert, letter, catalogue, poster, chart, billboard, public transit card, point of purchase
      display, film, slide, audio program transmitted over a telephone system, telemarketing script, on-hold script,
      upsell script, training materials provided to telemarketing firms, program-length commercial (&#x201C;infomercial&#x201D;),
      the internet, cellular network, or any other medium. Promotional materials and items and Web pages are included
      in the term commercial communication. Consumer means a natural person to whom a mortgage credit product is
      offered or extended. Credit means the right to defer payment of debt or to incur debt and defer its payment.
      Dwelling means a residential structure that contains one to four units, whether or not that structure is attached
      to real property. The term includes any of the following if used as a residence: an individual condominium
      unit, cooperative unit, mobile home, manufactured home, or trailer. Mortgage credit product means any form
      of credit that is secured by real property or a dwelling and that is offered or extended to a consumer primarily
      for personal, family, or household purposes. Person means any individual, group, unincorporated association,
      limited or general partnership, corporation, or other business entity. Term means any of the fees, costs,
      obligations, or characteristics of or associated with the product. It also includes any of the conditions
      on or related to the availability of the product.'
  workflow_phase: loan_origination
  owner_role: compliance_officer
  secondary_owner_role: ''
  cadence: triggered
  consequence: ''
  judgment: false
  promoted_at: '2026-06-18T02:05:00+00:00'
  promoted_from: reg-n-1014-gap-sections-v1.yaml
  source_provenance:
    source_id: reg-n-1014
    fetched_at: '2026-05-27T16:43:20+00:00'
    content_hash: sha256:3b9c01cde490bf2cfb5bfb10c835fd26b53792322c7dc27a49a374d541ccbf6f
