Sec. 2. Rate of interest after transfer of loan
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/bill/114/hr/5724/ih/section-2A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 5197 of the Revised Statutes of the United States ( 12 U.S.C. 85 ) is amended by adding at the end the following new sentence: A loan that is valid when made as to its maximum rate of interest in accordance with this section shall remain valid with respect to such rate regardless of whether the loan is subsequently sold, assigned, or otherwise transferred to a third party. . Section 27(a) of the Federal Deposit Insurance Act ( 12 U.S.C. 1831d(a) ) is amended by adding at the end the following new sentence:
A loan that is valid when made as to its maximum rate of interest in accordance with this section shall remain valid with respect to such rate regardless of whether the loan is subsequently sold, assigned, or otherwise transferred to a third party. .
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