Us Code § 1489 - Loans made by certain financial institutions without regard to limitations and restrictions of other Federal statutes with respect to certain particulars
Full text of Us Code United States Code § 1489 — Loans made by certain financial institutions without regard to limitations and restrictions of other Federal statutes with respect to certain particulars, with citation guidance and answers to common questions.
§ 1489. Loans made by certain financial institutions without regard to limitations and restrictions of other Federal statutes with respect to certain particulars
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.
(Pub. L. 93–262, title II, §209, Apr. 12, 1974, 88 Stat. 80.)
About This Section
25 U.S.C. § 1489 is part of Title 25 of the United States Code. The United States Code is the official codification of federal statutes maintained by the Office of the Law Revision Counsel of the U.S. House of Representatives. Congress amends the Code through new public laws, which are eventually incorporated into the relevant title.
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