Indiana Statutes
§ 28-1-25-2 — Application of limitations under state laws to unsecured portion of loans partially federally secured
Indiana·Art. 1 DEPARTMENT OF FINANCIAL INSTITUTIONS·Ch. 25 Loans or Obligations Secured by the United States
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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Nearby Sections
15
§ 28-1-1-1
Short title§ 28-1-1-2
Application of article§ 28-1-1-3
Definitions§ 28-1-1-3.5
Affiliate relationship§ 28-1-1-3.7
"Emancipated youth"§ 28-1-1-3.9
"Foster youth"§ 28-1-1-4
"Fund"§ 28-1-1-5
References to savings associations§ 28-1-1-6
"Depository financial institution"§ 28-1-1-7
"Qualified youth"§ 28-1-11-11
Safe deposits and escrows