Pub. L. 88-560, tit. IX, sec. 910
Pub. L. 88-560, tit. IX, sec. 910
Sec. 910. Section 5(c) of the Home Owners’ Loan Act of 1933 is amended by inserting after the second paragraph the following new paragraph: “Without regard to any other provision of this subsection, any such association is authorized to invest in loans, obligations, and advances of credit (all of which are hereinafter referred to as ‘loans’) made for the payment of expenses of college or university education, but no association shall make any investment in loans under this paragraph if the prinicpal amount of its investment in such loans, exclusive of any investment which is or which at the time of its making was otherwise authorized, would thereupon exceed 5 per centum of its assets.”