Indiana § 28-6.1-7-2 Making FHA loans, advances of credit, and purchases of obligations

Indiana Statutes

§ 28-6.1-7-2 — Making FHA loans, advances of credit, and purchases of obligations

Indiana § 28-6.1-7-2

Art. 6.1SAVINGS BANKS

Ch. 7Powers of a Savings Bank Subject to the Rules of the

This text of Indiana § 28-6.1-7-2 (Making FHA loans, advances of credit, and purchases of obligations) 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 § 28-6.1-7-2 (2026).

Text

(a)A savings bank may make loans and advances of credit and purchases of obligations representing loans and advances of credit that are eligible for insurance by the federal housing administrator and to obtain such insurance.

(b)An Indiana law:

(1)prescribing the nature, amount, or form of security;

(2)requiring security upon which loans or advances of credit may be made;

(3)prescribing or limiting interest rates upon loans or advances of credit; or

(4)prescribing or limiting the period for which loans or advances of credit may be made; does not apply to loans, advances of credit, or purchases made under this section.

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(a) A savings bank may make loans and
advances of credit and purchases of obligations representing loans and
advances of credit that are eligible for insurance by the federal housing
administrator and to obtain such insurance.
(b) An Indiana law:
(1) prescribing the nature, amount, or form of security;
(2) requiring security upon which loans or advances of credit may
be made;
(3) prescribing or limiting interest rates upon loans or advances
of credit; or
(4) prescribing or limiting the period for which loans or advances
of credit may be made;
does not apply to loans, advances of credit, or purchases made under
this section.