Indiana § 28-6.1-9-11 Conformity with lending limitations; sanctions

Indiana Statutes

§ 28-6.1-9-11 — Conformity with lending limitations; sanctions

Indiana § 28-6.1-9-11

Art. 6.1SAVINGS BANKS

Ch. 9Lending Limitations of Savings Banks

This text of Indiana § 28-6.1-9-11 (Conformity with lending limitations; sanctions) 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 § 28-6.1-9-11 (2026).

Text

(a)Except as otherwise provided in this article, a savings bank that holds obligations of indebtedness in violation of the limitations prescribed in this article shall take action to conform the amount of the obligations to the limitations prescribed by this article.

(b)If a savings bank fails to comply with the limitations of this article or an order of the department in relation to the limitations of this article, the department may find that the savings bank is conducting its business in an unauthorized or unsafe manner and proceed under IC 28-1-3.1-2.

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(a) Except as otherwise provided in this
article, a savings bank that holds obligations of indebtedness in
violation of the limitations prescribed in this article shall take action to
conform the amount of the obligations to the limitations prescribed by
this article.
(b) If a savings bank fails to comply with the limitations of this
article or an order of the department in relation to the limitations of this
article, the department may find that the savings bank is conducting its
business in an unauthorized or unsafe manner and proceed under IC 28-1-3.1-2.