Pub. L. 88-560, tit. IX, sec. 908

Sec. 908. The first sentence of the second paragraph of section 5(c) of the Home Owners’ Loan Act of 1933 is amended to read as follows: “Without regard to any other provision of this subsection except the area requirement, any such association is authorized to invest a sum not in excess of 20 per centum of the assets of such association in loans insured under title I of the National Housing Act, in home improvement loans insured under title II of the National Housing Act, in unsecured loans insured or guaranteed under the provisions of the Servicemen’s Readjustment Act of 1944, as amended, or chapter 37 of title 38 of the United States Code, and in other loans for property alteration, repair, or improvement: Provided, That no such loan, unless so insured or guaranteed, shall be made in excess of $5,000.”