Title 12 — Banks and BankingRelease 119-73not60
§2711 Nonapplicability of Other Laws
Title 12 › Chapter 28— EMERGENCY MORTGAGE RELIEF › § 2711
Summary
Loans under this chapter need not follow other laws limiting interest, loan terms, or required security.
Full Legal Text
Title 12, §2711
Banks and Banking — Source: USLM XML via OLRC
Notwithstanding any provision of law which limits the nature, amount, term, form, or rate of interest, or the nature, amount, or form of security of loans or advances of credit, loans, or advances of credit may be made in accordance with the provisions of this chapter without regard to such provision of law.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Prior Provisions
A prior section 110 of Pub. L. 94–50, which related to waiver and relaxation by institutions and approved mortgagees of limitations with respect to mortgage delinquencies; notification to Federal supervisory agency prior to foreclosure proceedings, was classified to section 2709 of this title prior to repeal by Pub. L. 111–203, title XIV, § 1496(b)(7), July 21, 2010, 124 Stat. 2209.
Statutory Notes and Related Subsidiaries
Effective Date
of 2010 AmendmentAmendment of section by renumbering section 112 of Pub. L. 94–50 as section 110 of Pub. L. 94–50 effective on the date on which final
Regulations
implementing such amendment take effect, or on the date that is 18 months after the designated transfer date if such
Regulations
have not been issued by that date, see section 1400(c) of Pub. L. 111–203, set out as a note under section 1601 of Title 15, Commerce and Trade.
Reference
Citations & Metadata
Citation
12 U.S.C. § 2711
Title 12 — Banks and Banking
Last Updated
Apr 3, 2026
Release point: 119-73not60