Pub. L. 91-351, tit. VII, sec. 704

real estate loans by national banks

EnactedYear: 1970Length: 79 wordsOfficial source
real estate loans by national banks Sec. 704. Section 24 of the Federal Reserve Act (12 U.S.C. 371) is amended— (1) by striking out “80 per centum” and “twenty-five years” in clause (3) of the third sentence of the first paragraph and inserting in lieu thereof “90 per centum” and “thirty years”, respectively; and (2) by striking out “thirty-six months”, each place it appears in the first sentence of the third paragraph, and inserting in lieu thereof “sixty months”.
Pub. L. 91-351, tit. VII, sec. 704: real estate loans by national banks | Justis AI