Indiana § 28-15-8-2 Loans on security of certain property interests

Indiana Statutes

§ 28-15-8-2 — Loans on security of certain property interests

Indiana·Art. 15 SAVINGS ASSOCIATIONS·Ch. 8 Other Types of Loans

(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.

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(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.

Indiana § 28-15-8-2 (Loans on security of certain property interests) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.