; and (2) includes a bank holding company, as defined in section 2(a) of the Bank Holding Company Act of 1956 ( 12 U.S.C. 1841(a) ). (c) Federal banking regulators’ hemp banking guidance Not later than the end of the 180-day period beginning on the date of enactment of this Act, each Federal banking regulator shall update guidance, as in effect on the date of enactment of this Act, regarding providing financial services to hemp-related legitimate businesses and hemp-related service providers to address— (1) compliance with obligations of financial institutions, as of the date of enactment of this Act, under Federal laws (including regulations) determined relevant by the Federal banking regulator and the Department of the Treasury, including subchapter II of chapter 53 of title 31, United States Code, and its implementing regulation in conformity with this Act and the regulations relating to domestic hemp production under part 990 of title 7, Code of Federal Regulations; and (2) best practices for financial institutions to follow when providing financial services, including processing payments, to hemp-related legitimate businesses and hemp-related service providers. 9. Treatment of income derived from a State-sanctioned marijuana business for qualification for a covered mortgage loan (a) Definition In this section, the term covered mortgage loan means any loan secured by a first or subordinate lien on residential real property, including individual units of condominiums and cooperatives, designed principally for the occupancy of 1 to 4 families that is— (1) insured by the Federal Housing Administration under title I or title II of the National Housing Act ( 12 U.S.C. 1702 et seq. , 1707 et seq.); (2) insured under section 255 of the National Housing Act ( 12 U.S.C. 1715z–20 ); (3) guaranteed under section 184 or 184A of the Housing and Community Development Act of 1992 (12 U.S.C. 1715z–13a, 1715z–13b); (4) guaranteed, insured, or made by the Department of Veterans Affairs