South Carolina § 31-19-20 Investments in mortgages, debentures, and securities insured or issued by Federal Housing Administrator or national mortgage associations.

South Carolina Statutes

§ 31-19-20 — Investments in mortgages, debentures, and securities insured or issued by Federal Housing Administrator or national mortgage associations.

South Carolina § 31-19-20

Title 31HOUSING AND REDEVELOPMENT

Ch. 19INVESTMENTS IN HOUSING OBLIGATIONS

This text of South Carolina § 31-19-20 (Investments in mortgages, debentures, and securities insured or issued by Federal Housing Administrator or national mortgage associations.) is published on Counsel Stack Legal Research, covering South Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.C. Code Ann. § 31-19-20 (2026).

Text

Banks, savings banks, trust companies, insurance companies and other financial institutions and executors, administrators, guardians, committees, conservators and other fiduciaries subject to the laws of this State may invest their funds and the moneys in their custody or possession, available for investment, (a) in mortgages insured by the Federal Housing Administrator, including bonds secured by a mortgage so insured, (b) in debentures issued by said administrator and (c) in securities issued by national mortgage associations.

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Banks, savings banks, trust companies, insurance companies and other financial institutions and executors, administrators, guardians, committees, conservators and other fiduciaries subject to the laws of this State may invest their funds and the moneys in their custody or possession, available for investment, (a) in mortgages insured by the Federal Housing Administrator, including bonds secured by a mortgage so insured, (b) in debentures issued by said administrator and (c) in securities issued by national mortgage associations.