single family dwelling limitations

single family dwelling limitations Sec. 402. The first undesignated paragraph of section 5(c) of the Home Owners’ Loan Act of 1933 is amended by striking out “$55,000” and inserting in lieu thereof “$60,000”, and by inserting “but of said 20 per centum the amount deemed to be loaned in transactions which, except for excess in amount, would be eligible for such association under provisions of this sentence (other than this exception) or under the next following sentence shall be only the outstanding amount of such excess,” immediately after “improved real estate without regard to the foregoing limitations,”.