2013 Indiana Code TITLE 28. FINANCIAL INSTITUTIONS ARTICLE 15. SAVINGS ASSOCIATIONS CHAPTER 8. OTHER TYPES OF LOANS
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IC 28-15-8
Chapter 8. Other Types of Loans
IC 28-15-8-1
Transactions regarding interests in certain loans
Sec. 1. A savings association may make, buy, sell, or hold
interests in the following loans:
(1) Mobile home loans.
(2) Real estate mortgage loans on real property or leasehold
improvements insured or guaranteed by any state of the United
States, the United States government, or any of the agencies or
government sponsored enterprises of the United States
government.
(3) Loans for construction and development of residential or
commercial property.
(4) Secured or unsecured consumer loans or leases.
(5) Secured or unsecured commercial loans or leases.
(6) Education loans.
As added by P.L.193-1997, SEC.2.
IC 28-15-8-2
Loans on security of certain property interests
Sec. 2. (a) Subject to such additional limitations as the department
may prescribe, savings associations may make loans on the security
of any of the following:
(1) Real estate.
(2) A leasehold or subleasehold interests.
(3) An assignment or transfer of stock certificates or other
evidence of the borrower's ownership interest in a corporation
formed for the cooperative ownership of real estate.
(b) A savings association may make loans secured by real estate
in compliance with 12 U.S.C. 1828(O) as implemented by 12 CFR
365.
(c) Real estate appraisals shall be performed concerning loans
authorized by this section in compliance with 12 CFR 323.
As added by P.L.193-1997, SEC.2.
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