Certificate credit rate; certified indebtedness amount
For purposes of this section—
(1) Certificate credit rate
(1)Certificate credit rate#
The term “certificate credit rate” means the rate of the credit allowable by this section which is specified in the mortgage credit certificate.
(2)Certified indebtedness amount#
The term “certified indebtedness amount” means the amount of indebtedness which is—
(A) incurred by the taxpayer— (i) to acquire the principal residence of the taxpayer, (ii) as a qualified home improvement loan (as defined in section 143(k)(4)) with respect to such residence, or (iii) as a qualified rehabilitation loan (as defined in section 143(k)(5)) with respect to such residence, and
(B) specified in the mortgage credit certificate.
(2)(A)#
incurred by the taxpayer—
(i) to acquire the principal residence of the taxpayer,
(ii) as a qualified home improvement loan (as defined in section 143(k)(4)) with respect to such residence, or
(iii) as a qualified rehabilitation loan (as defined in section 143(k)(5)) with respect to such residence, and
(2)(A)(i)#
to acquire the principal residence of the taxpayer,
(2)(A)(ii)#
as a qualified home improvement loan (as defined in section 143(k)(4)) with respect to such residence, or