IC 28-6.1-7 – Powers of a Savings Bank Subject to the Rules of the Department | Midpage

Collections
Indiana Code

Chapter 7

IC 28-6.1-7

Powers of a Savings Bank Subject to the Rules of the Department

1Application of rules 2Making FHA loans, advances of credit, and purchases of obligations 3Making FHA loans secured by mortgages 4Purchasing, investing in, and disposing of FHA and national mortgage association bonds, notes, and debentures 5Extending credit to state agencies 6Purchasing, taking, holding, and disposing of incorporated joint stock land bank notes and mortgages 7Owning and leasing property 8Purchasing and constructing buildings to be leased to public authorities 9Purchasing, holding, and conveying real property to be used as branch savings bank and rental property; resolution 10Repealed 11Equity investments in community development corporations and community based economic development; limits; exceptions to limits; exposure to liability 12Purchasing, holding, and conveying real estate necessary for transaction of business 13Paying interest and expenses