§ 1489. — Loans made by certain financial institutions without regard to limitations and restrictions of other Federal statutes with respect to certain particulars.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 25USC1489]
TITLE 25--INDIANS
CHAPTER 17--FINANCING ECONOMIC DEVELOPMENT OF INDIANS AND INDIAN
ORGANIZATIONS
SUBCHAPTER II--LOAN GUARANTY AND INSURANCE
Sec. 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, Sec. 209, Apr. 12, 1974, 88 Stat. 80.)
Section Referred to in Other Sections
This section is referred to in section 1499 of this title.
