12 U.S.C. § 1429 — Eligibility to secure advances
submitted 94 years ago by ch. 522 to r/title-12-BANKS-AND-BANKING · 62 words · no verdicts yet
Federal Home Loan Bank members may apply in writing for advances, but the Bank may deny or condition an application.
A Federal Home Loan Bank* member* may apply in writing for an advance, using the form the Bank* requires. The Bank may deny the application or grant it on conditions the Bank prescribes.
Any member* of a Federal Home Loan Bank* shall be entitled to apply in writing for advances. Such application shall be in such form as shall be required by the Federal Home Loan Bank*. Such Federal Home Loan Bank may at its discretion deny any such application, or may grant it on such conditions as the Federal Home Loan Bank may prescribe.
Source credit: (July 22, 1932, ch. 522, § 9, 47 Stat. 731; Pub. L. 101–73, title VII, §§ 701(b)(1), (3)(A), 710(a), Aug. 9, 1989, 103 Stat. 412, 418; Pub. L. 106–102, title VI, § 606(f)(1), Nov. 12, 1999, 113 Stat. 1455.)
- 1932Enacted · Act of July 22, 1932, ch. 522 · 47 Stat. 731
- 1989Amended · Pub. L. 101-73 · 103 Stat. 412, 418
- 1999Amended · Pub. L. 106-102 · 113 Stat. 1455
A history note hasn’t been published yet. The record shows enactment by ch. 522 on 1932-07-22.
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