12 C.F.R. § 541.27 Unimproved real estate.
Title 12 - Banks and Banking
The term unimproved real estate means real estate that will be improved, as defined in §541.15 or §541.16 of this part.
Title 12: Banks and Banking
PART 541—DEFINITIONS FOR REGULATIONS AFFECTING FEDERAL SAVINGS ASSOCIATIONS
§ 541.27 Unimproved real estate.