12 U.S.C. § 1735f–13 — Prohibition of requirement of minimum principal loan amount
submitted 92 years ago by Pub. L. 100-242 to r/title-12-BANKS-AND-BANKING · 44 words · no verdicts yet
This section sets rules about Prohibition of requirement of minimum principal loan amount. It also states the conditions, exceptions, procedures, and definitions included in those rules.
A mortgagee or lender may not require, as a condition of providing a loan insured under this chapter or secured by a mortgage insured under this chapter, that the principal amount of the loan exceed a minimum amount established by the mortgagee or lender.
A mortgagee or lender may not require, as a condition of providing a loan insured under this chapter or secured by a mortgage insured under this chapter, that the principal amount of the loan exceed a minimum amount established by the mortgagee or lender.
Source credit: (June 27, 1934, ch. 847, title V, § 535, as added Pub. L. 100–242, title IV, § 419(a), Feb. 5, 1988, 101 Stat. 1913.)
- 1934Enacted · Pub. L. 100-242 · 101 Stat. 1913
A history note hasn’t been published yet. The record shows enactment by Pub. L. 100-242 on 1934-06-27.
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