§ 371. Real estate loans
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/usc/title-12/section-371A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Authorization to make real estate loans; orders, rules, and regulations of Comptroller of the Currency Any national banking association may make, arrange, purchase or sell loans or extensions of credit secured by liens on interests in real estate, subject to section 1828(o) of this title and such restrictions and requirements as the Comptroller of the Currency may prescribe by regulation or order.
(b)Eligibility for discount as commercial paper of notes representing loans financing construction of residential or farm buildings; prerequisites Notes representing loans made under this section to finance the construction of residential or farm buildings and having maturities not to exceed nine months shall be eligible for discount as commercial paper within the terms of the first paragraph of section 343 of this title if accompanied by a valid and binding agreement to advance the full amount of the loan upon the completion of the building entered into by an individual, partnership, association, or corporation acceptable to the discounting bank.
(Dec. 23, 1913, ch. 6, § 24, 38 Stat. 273; Sept. 7, 1916, ch. 461, 39 Stat. 754; Feb. 25, 1927, ch. 191, § 16, 44 Stat. 1232; June 27, 1934, ch. 847, § 505, 48 Stat. 1263; Aug. 23, 1935, ch. 614, title II, § 208, title III, § 328, 49 Stat. 706, 717; Mar. 28, 1941, ch. 31, § 8, 55 Stat. 62; July 22, 1937, ch. 517, § 15(a), as added Aug. 14, 1946, ch. 964, § 5, 60 Stat. 1079; May 25, 1948, ch. 334, § 9, 62 Stat. 265; Oct. 25, 1949, ch. 729, § 6, 63 Stat. 906; Apr. 20, 1950, ch. 94, title V, § 502, 64 Stat. 80;
Sept. 1, 1951, ch. 378, title II, § 207, title V, § 503, 65 Stat. 303, 312; Aug. 15, 1953, ch. 510, 67 Stat. 613; July 22, 1954, ch. 561, 68 Stat. 525; Aug. 28, 1937, ch. 870, § 10(f), as added Aug. 17, 1954, ch. 751, § 1(4), 68 Stat. 736; Aug. 11, 1955, ch. 781, §§ 1, 2, 69 Stat. 633, 634; Pub. L. 85–536, § 3, July 18, 1958, 72 Stat. 396; Pub. L. 86–251, § 4, Sept. 9, 1959, 73 Stat. 489; Pub. L. 87–70, title VIII, § 804(c), title IX, § 902, June 30, 1961, 75 Stat. 188, 191; Pub. L. 87–717, Sept. 28, 1962, 76 Stat. 662;
Pub. L. 88–341, June 30, 1964, 78 Stat. 233; Pub. L. 88–560, title X, § 1004, Sept. 2, 1964, 78 Stat. 807; Pub. L. 89–117, title II, § 201(b)(2), title XI, § 1111, Aug. 10, 1965, 79 Stat. 465, 509; Pub. L. 89–754, title V, § 504(a)(2), Nov. 3, 1966, 80 Stat. 1277; Pub. L. 90–19, § 26, May 25, 1967, 81 Stat. 28; Pub. L. 90–448, title IV, § 416(b), title XVII, § 1718, Aug. 1, 1968, 82 Stat. 518, 609; Pub. L. 91–351, title VII, § 704, July 24, 1970, 84 Stat. 462; Pub. L. 91–609, title VII, § 727(c), Dec. 31, 1970, 84 Stat. 1803;
Pub. L. 93–383, title VII, § 711, title VIII, § 802(i)(1), Aug. 22, 1974, 88 Stat. 716, 725; Pub. L. 97–320, title IV, § 403(a), Oct. 15, 1982, 96 Stat. 1510; Pub. L. 102–242, title III, § 304(b), Dec. 19, 1991, 105 Stat. 2354.)
Connections134 cite this · traces to 8
Cited by 134 sections · top 60
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- Public Law 86–249
- Public Law 90–448
- Public Law 89–754
- Public Law 85–536
- Public Law 89–117
- Public Law 91–609
- Public Law 137
- Public Law 88–560
- Public Law 93–380
- Public Law 89–485
- Public Law 91–150
- Public Law 91–351
- Public Law 87–70
- Public Law 284
- Public Law 85–454
- Public Law 87–126
- Public Law 40
- Public Law 90–14
- Public Law 86–78to establish an Alaska International Rail and Highway Commission”, approved August 1, 1956 (70 Stat. 888), as amended, is amended— (1) by striking out paragraphs (1) through (4) of subsectionMembership. (a) of the first section and inserting in lieu thereof the following: " “(1) six of the members o
- Public Law 88–339
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- Public Law 347
- Public Law 102–242To require the least-cost resolution of insured depository institutions, to improve supervision and examinations, to provide additional resources to the Bank Insurance Fund, and for other purposes
- Public Law 97–35To provide for reconciliation pursuant to section 301 of the first concurrent resolution on the budget for the fiscal year 1982
- Public Law 97–320To revitalize the housing industry by strengthening the financial stability of home mortgage lending institutions and ensuring the availability of home mortgage loans
- Public Law 96–221To facilitate the implementation of monetary policy, to provide for the gradual elimination of all limitations on the rates of interest which are payable on deposits and accounts, and to authorize interest-bearing transaction accounts, and for other purposes
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statute-compilations
Traces to 8 documents
U.S. Code
- Discount of obligations arising out of actual commercial transactions§ 343
- Short title§ 1701
- Financial assistance by Secretary of Agriculture§ 1471
- State housing finance and development agencies§ 1440
- Declaration of policy§ 631
- Acting as insurance agent or broker§ 92
- Congressional findings§ 1921
- Office of the Comptroller of the Currency§ 1
85 references not yet in our index
- Dec. 23, 1913, ch. 6, § 24
- 38 Stat. 273
- Sept. 7, 1916, ch. 461
- 39 Stat. 754
- Feb. 25, 1927, ch. 191, § 16
- 44 Stat. 1232
- June 27, 1934, ch. 847, § 505
- 48 Stat. 1263
- Aug. 23, 1935, ch. 614
- 49 Stat. 706
- Mar. 28, 1941, ch. 31, § 8
- 55 Stat. 62
- July 22, 1937, ch. 517, § 15(a)
- Aug. 14, 1946, ch. 964, § 5
- 60 Stat. 1079
- May 25, 1948, ch. 334, § 9
- 62 Stat. 265
- Oct. 25, 1949, ch. 729, § 6
- 63 Stat. 906
- Apr. 20, 1950, ch. 94
- 64 Stat. 80
- Sept. 1, 1951, ch. 378
- 65 Stat. 303
- Aug. 15, 1953, ch. 510
- 67 Stat. 613
- July 22, 1954, ch. 561
- 68 Stat. 525
- Aug. 28, 1937, ch. 870, § 10(f)
- Aug. 17, 1954, ch. 751, § 1(4)
- 68 Stat. 736
- Aug. 11, 1955, ch. 781
- 69 Stat. 633
- Pub. L. 85–536, § 3
- 72 Stat. 396
- Pub. L. 86–251, § 4
- 73 Stat. 489
- Pub. L. 87–70, title VIII, § 804(c)
- 75 Stat. 188
- Pub. L. 87–717
- 76 Stat. 662
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§ 371
Real estate loans
Fed. Reg.×71
Stat.×51
U.S.C.×8
C.F.R.×2
Stat. Comp.×2
ActDec. 23, 1913, ch. 6, § 24
Stat.38 Stat. 273
ActSept. 7, 1916, ch. 461
Stat.39 Stat. 754
Cites 93 · showing 12Cited by 134 across 5 sources