Delaware § 1912 - Limitation on loans not secured by first mortgage on real estate.
Full text of Delaware Delaware Code § 1912 — Limitation on loans not secured by first mortgage on real estate., with citation guidance and answers to common questions.
§ 1912. Limitation on loans not secured by first mortgage on real estate.
Not more than 50 percent of the shareholders’ invested capital in any building and loan association doing business in this State shall be loaned on real estate security on other than first liens.
32 Del. Laws, c. 107, § 7; 39 Del. Laws, c. 19, § 1; Code 1935, § 2342; 5 Del. C. 1953, § 1912; 56 Del. Laws, c. 328, § 6;Source: official Delaware text · Last verified 2026-08-27
Frequently Asked Questions About Delaware § 1912
What does Delaware Code § 1912 cover?
Section 1912 ("Limitation on loans not secured by first mortgage on real estate.") is part of the Delaware Code, the codified statutory law of Delaware. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Delaware § 1912?
A common citation format is "Delaware Code § 1912" (Delaware). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Delaware law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Delaware official source linked on this page or consult a licensed Delaware attorney.
How does Delaware § 1912 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Delaware can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Delaware.