Indiana § 28-15-8-2 - Loans on security of certain property interests
Full text of Indiana Indiana Code § 28-15-8-2 — Loans on security of certain property interests, with citation guidance and answers to common questions.
§ 28-15-8-2. Loans on security of certain property interests
Sec. 2. (a) Subject to such additional limitations as the department may prescribe, savings associations may make loans on the security of any of the following:
(1) Real estate.
(2) A leasehold or subleasehold interests.
(3) An assignment or transfer of stock certificates or other evidence of the borrower's ownership interest in a corporation formed for the cooperative ownership of real estate.
(b) A savings association may make loans secured by real estate in compliance with 12 U.S.C. 1828(O) as implemented by 12 CFR 365.
(c) Real estate appraisals shall be performed concerning loans authorized by this section in compliance with 12 CFR 323.
As added by P.L.193-1997, SEC.2.
IC 28-15-9Chapter 9. Formation of and Investment in Service Corporations
28-15-9-1Limitations 28-15-9-2Notice of establishment or acquisition of or new activity through service corporation
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 28-15-8-2
What does Indiana Code § 28-15-8-2 cover?
Section 28-15-8-2 ("Loans on security of certain property interests") 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 § 28-15-8-2?
A common citation format is "Indiana Code § 28-15-8-2" (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 § 28-15-8-2 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.