2018 US Code
Title 25 - Indians
Chapter 17 - Financing Economic Development of Indians and Indian Organizations
Subchapter II - Loan Guaranty and Insurance
Sec. 1489 - Loans made by certain financial institutions without regard to limitations and restrictions of other Federal statutes with respect to certain particulars

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Citation 25 U.S.C. § 1489 (2018)
Section Name §1489. Loans made by certain financial institutions without regard to limitations and restrictions of other Federal statutes with respect to certain particulars
Section Text

Any loan made by any national bank or Federal savings and loan association, or by any bank, trust company, building and loan association, or insurance company authorized to do business in the District of Columbia, at least 20 per centum of which is guaranteed hereunder, may be made without regard to the limitations and restrictions of any other Federal statute with respect to (a) ratio of amount of loan to the value of the property; (b) maturity of loans; (c) requirement of mortgage or other security; (d) priority of lien; or (e) percentage of assets which may be invested in real estate loans.

Source Credit

(Pub. L. 93–262, title II, §209, Apr. 12, 1974, 88 Stat. 80.)

Publication Title United States Code, 2018 Edition, Title 25 - INDIANS
Category Bills and Statutes
Collection United States Code
SuDoc Class Number Y 1.2/5:
Contained Within Title 25 - INDIANS
CHAPTER 17 - FINANCING ECONOMIC DEVELOPMENT OF INDIANS AND INDIAN ORGANIZATIONS
SUBCHAPTER II - LOAN GUARANTY AND INSURANCE
Sec. 1489 - Loans made by certain financial institutions without regard to limitations and restrictions of other Federal statutes with respect to certain particulars
Contains section 1489
Date 2018
Laws In Effect As Of Date January 14, 2019
Positive Law No
Disposition standard
Statutes at Large References 88 Stat. 80
Public Law References Public Law 93-262
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