Indiana § 28-1-25-2 - Application of limitations under state laws to unsecured portion of loans partially federally secured
Full text of Indiana Indiana Code § 28-1-25-2 — Application of limitations under state laws to unsecured portion of loans partially federally secured, with citation guidance and answers to common questions.
§ 28-1-25-2. Application of limitations under state laws to unsecured portion of loans partially federally secured
Sec. 2. Whenever the United States, any federal reserve bank of the United States, or any department, bureau, board, or commission of the United States, including any corporation wholly owned directly or indirectly by the United States, shall secure or guarantee the payment of or make commitment or agreement to take over or purchase any portion of a loan or obligation of any financial institution or any investment type industrial loan and investment company, any law of this state prescribing the ratio between the amount of any loan or obligation and the appraised value of the security for such loan or obligation shall apply only to the portion of such loan or obligation which is not secured or guaranteed or upon which there is no commitment or agreement to take over or purchase.
Formerly: Acts 1945, c.47, s.2. As amended by P.L.263-1985, SEC.105.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 28-1-25-2
What does Indiana Code § 28-1-25-2 cover?
Section 28-1-25-2 ("Application of limitations under state laws to unsecured portion of loans partially federally secured") is part of the Indiana Code, the codified statutory law of Indiana. 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 Indiana § 28-1-25-2?
A common citation format is "Indiana Code § 28-1-25-2" (Indiana). 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 Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 28-1-25-2 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana 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 Indiana.