§1489 Loans Made by Certain Financial Institutions Without Regard to Limitations and Restrictions of Other Federal Statutes with Respect to Certain Particulars

Summary

Lets certain lenders make loans that are at least 20 percent guaranteed under this law without following other federal limits. The lenders covered include national banks, Federal savings and loan associations, and any bank, trust company, building and loan association, or insurance company allowed to do business in the District of Columbia, and the excluded rules involve loan-to-value limits, how long loans can run, rules about required security or mortgage liens, lien priority, and the share of assets that can be put into real estate loans.