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12 U.S.C. § 2711 — Nonapplicability of other laws

submitted 51 years ago by Pub. L. 94-50 to r/title-12-BANKS-AND-BANKING · 53 words · no verdicts yet

in plain englishAI-generated · not legal advice

Loans and advances of credit under this chapter may be made without regard to other laws limiting their amount, term, form, interest rate, or security.

Notwithstanding any provision of law which limits the nature, amount, term, form, or rate of interest, or the nature, amount, or form of security of loans or advances of credit, loans, or advances of credit may be made in accordance with the provisions of this chapter without regard to such provision of law.
the actual law source: uscode.house.gov ↗public domain

Notwithstanding any provision of law which limits the nature, amount, term, form, or rate of interest, or the nature, amount, or form of security of loans or advances of credit, loans, or advances of credit may be made in accordance with the provisions of this chapter without regard to such provision of law.

Source credit: (Pub. L. 94–50, title I, § 110, formerly § 112, July 2, 1975, 89 Stat. 254; renumbered § 110, Pub. L. 111–203, title XIV, § 1496(b)(8), July 21, 2010, 124 Stat. 2209.)

history & why it existsrecord from the source credit
  • 1975Enacted · Pub. L. 94-50 · 89 Stat. 254
  • 2010Amended · Pub. L. 111-203 · 124 Stat. 2209

A history note hasn’t been published yet. The record shows enactment by Pub. L. 94-50 on 1975-07-02.

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