Mo. Rev. Stat. § 369.699

Limits on investment.

Last amended: 1997Year: 2026Length: 90 wordsOfficial source
369.699. Limits on investment. — 1. A savings bank may not invest more than forty percent of its total assets in commercial loans. A commercial loan is a loan for business, commercial, corporate or agricultural purposes. 2. A savings bank shall maintain at least fifteen percent of its assets in assets and investments taken from the following categories: (1) First and second lien residential mortgage loans or foreclosed residential mortgage loans; (2) Home improvement loans; (3) Interim residential construction loans; and (4) Mortgage-backed securities. (L. 1997 H.B. 257 § 369.430)
Mo. Rev. Stat. § 369.699: Limits on investment. | Justis AI