§ 1489. Loans made by certain financial institutions without regard to limitations and restrictions of other Federal statutes with respect to certain particulars

Legislative history

Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.

1. 1974

   Indian Financing Act of 1974

   Pub. L. 93–262 title II § 209 · [88 Stat. 77]

   Enacted · 25 U.S.C. § 1489

   (Pub. L. 93–262, title II, § 209, Apr. 12, 1974, 88 Stat. 80.)

   Source evidence

   Code source credit
   (Pub. L. 93–262, title II, § 209, Apr. 12, 1974, 88 Stat. 80.)

   Enacted provision · exact public law section
   Sec. 209. Any loan made by any national bank or Federal savings and loan association, or by any bank, trust company, building and loan association, or insurance company authorized to do business in the District of Columbia, at least 20 per centum of which is guaranteed hereunder, may be made without regard to the limitations and restrictions of any other Federal statute with respect to (a) ratio of amount of loan to the value of the property; (b) maturity of loans; (c) requirement of mortgage or other security; (d) priority of lien; or (e) percentage of assets which may be invested in real estate loans.

1 of 1 references resolved to an enrolled provision