- (1) taken to satisfy, in whole or part, a debt previously contracted;
- (2) purchased at a sale to foreclose a lien or other security interest claimed by the depository institution in the property;
- (3) former premises or property originally acquired for use by the depository institution but no longer used or intended to be used as such within the next three years; or
- (4) real property sold by a depository institution in a covered transaction after the effective date of this rule.
A state chartered depository institution may purchase, hold, and convey other real estate which is:
KEY: financial institutions, real estate, real estate investing
Date of Last Change: February 1, 2011
Notice of Continuation: January 6, 2026
Authorizing, and Implemented or Interpreted Law: 7-1-301; 7-3-18; 7-8-13; 7-9-5