Indiana § 28-1-25-2 Application of limitations under state laws to unsecured portion of
loans partially federally secured

Indiana Statutes

§ 28-1-25-2 — Application of limitations under state laws to unsecured portion of loans partially federally secured

Indiana § 28-1-25-2

Art. 1DEPARTMENT OF FINANCIAL INSTITUTIONS

Ch. 25Loans or Obligations Secured by the United States

This text of Indiana § 28-1-25-2 (Application of limitations under state laws to unsecured portion of loans partially federally secured) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 28-1-25-2 (2026).

Text

Whenever the United States, any federal
reserve bank of the United States, or any department, bureau, board, or
commission of the United States, including any corporation wholly
owned directly or indirectly by the United States, shall secure or
guarantee the payment of or make commitment or agreement to take
over or purchase any portion of a loan or obligation of any financial
institution or any investment type industrial loan and investment
company, any law of this state prescribing the ratio between the amount
of any loan or obligation and the appraised value of the security for
such loan or obligation shall apply only to the portion of such loan or
obligation which is not secured or guaranteed or upon which there is no
commitment or agreement to take over or purchase.
Formerly: Acts 194

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Whenever the United States, any federal
reserve bank of the United States, or any department, bureau, board, or
commission of the United States, including any corporation wholly
owned directly or indirectly by the United States, shall secure or
guarantee the payment of or make commitment or agreement to take
over or purchase any portion of a loan or obligation of any financial
institution or any investment type industrial loan and investment
company, any law of this state prescribing the ratio between the amount
of any loan or obligation and the appraised value of the security for
such loan or obligation shall apply only to the portion of such loan or
obligation which is not secured or guaranteed or upon which there is no
commitment or agreement to take over or purchase.
Formerly: Acts 1945, c.47, s.2. As amended by P.L.263-1985,
SEC.105.