Indiana § 28-6.1-7-3 Making FHA loans secured by mortgages

Indiana Statutes

§ 28-6.1-7-3 — Making FHA loans secured by mortgages

Indiana § 28-6.1-7-3

Art. 6.1SAVINGS BANKS

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

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Bluebook

Ind. Code § 28-6.1-7-3 (2026).

Text

(a)A savings bank may make loans secured by mortgages on real property or leasehold, as the federal housing administrator insures or makes a commitment to insure, 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 made under this section.

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(a) A savings bank may make loans secured
by mortgages on real property or leasehold, as the federal housing
administrator insures or makes a commitment to insure, 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 made under this section.