For a property to be considered owner-occupied under Regulation Z, the owner must expect to occupy it for at least how many days per year?

Under Regulation Z, for a property to be classified as owner-occupied, the owner must reasonably expect to occupy the residence for at least 14 days during the year. This regulation is significant because it helps clarify the distinction between residential properties that qualify for certain consumer protections and those that do not. The 14-day requirement is intended to establish a minimum threshold, ensuring that the property is genuinely used as a primary residence by the owner, thus allowing for appropriate protections under Truth in Lending laws. This standard is essential in determining eligibility for certain financing options and safeguards for consumers.