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Code · Wisconsin · Chapter 214 — Savings banks

214.485 Investment in loans.

97 words·~1 min read·/wi/chapter-214/214-485

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214.485 Investment in loans. Subject to rules of the division, a savings bank may lend funds under any of the following conditions or for any of the following purposes:
(1)On the security of deposit accounts, but such a loan may not exceed the withdrawal value of the pledged account and each deposit account loan shall be evidenced by a note and a pledge of the deposit account.
(2)On the security of real estate if all of the following conditions exist:
(a)The value of the real estate is sufficient to provide security for the loan.
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