§ 3728. Exemption from State anti-usury provisions

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If, under any law of the United States, loans and mortgages insured under title I or title II of the National Housing Act are exempt from the application of the provisions of any State constitution or law

(1)limiting the rate or amount of interest, discount points, or other charges which may be charged, taken, received, or reserved by lenders,

(2)restricting the manner of calculating such interest (including prohibition of the charging of interest on interest), or

(3)requiring a minimum amortization of principal, then loans guaranteed or insured under this chapter are also exempt from the application of such provisions.

(Added Pub. L. 96–128, title IV, § 401(a), Nov. 28, 1979, 93 Stat. 986, § 1828; amended Pub. L. 97–66, title V, § 501(b), Oct. 17, 1981, 95 Stat. 1032; renumbered § 3728, Pub. L. 102–83, § 5(a), Aug. 6, 1991, 105 Stat. 406.)

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Pub. L. 96–128, title IV, § 401(a)
93 Stat. 986
Pub. L. 97–66, title V, § 501(b)
95 Stat. 1032
Pub. L. 102–83, § 5(a)
105 Stat. 406
act June 27, 1934, ch. 847
48 Stat. 1246
Pub. L. 102–83
section 1828 of this title
Pub. L. 97–66
section 701(b)(1) of Pub. L. 97–66
section 601(b) of Pub. L. 96–128

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§ 3728

Exemption from State anti-usury provisions

U.S.C.§ 1701

U.S.C.§ 1114

Pub. L.Pub. L. 96–128, title IV, § 401(a)

Stat.93 Stat. 986

Pub. L.Pub. L. 97–66, title V, § 501(b)

Stat.95 Stat. 1032

Pub. L.Pub. L. 102–83, § 5(a)

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