The regulation by the Federal Reserve Bank that governs the amount of credit that is allowable to be advanced by brokers to customers to allow them to purchase securities.
Regulation z
A regulation written by the Federal Reserve Board to implement the Truth-in-Lending Act. It is a comprehensive regulation, containing full restatement of all the requirements of the act and is enforced by the Federal Trade Commission (FTC). Both new real estate loans and assumptions of existing loans come under Regulation Z's purview.
Regulator
A mechanism used to control voltage.
Regulatory taking
Effects of severe regulation by government agencies, which destroys a large portion of the value of a property.
Rehabilitate
The restoration of a building or structure to a good condition.
Rehabilitating tax credit
Tax Reform Act of 1986 provides incentive for the use and rehabilitation of old structures or historical building. This credit, which is based on a percentage of the cost incurred in the rehabilitation, is given in an effort to arrest urban decay.
Rehabilitation mortgage
Mortgage that provides for the costs of repairing and improving a resale home or building.
Reheat
The heating of air that has been previously cooled either by mechanical refrigeration or economizer cooling systems.
Reinforce
To strength or increase structural integrity.
Reinforced concrete
Concrete that has steel rod place in it so that it resists load stress and gives additional working load support.
