2023 Louisiana LawsRevised StatutesTitle 6 – Finance companies and you may Banking§6:822. Finance and you can expenditures
A connection may purchase, sell, take part, or else bargain in the otherwise to your pursuing the fund or other opportunities just like the hereinafter given:
(1) Zero relationship will build financing to at least one debtor if your amount of (a) the amount of instance financing, and you will (b) the complete stability of all of the an excellent finance owed so you’re able to for example relationship of the such as for instance borrower is higher than an amount comparable to the new minimal out-of (i) 10 % of such association’s savings liability, or (ii) a price equivalent to such association’s paid down-during the financing, surplus, reserves to possess losses, and you may undivided winnings; aside from any loan can be generated if your amount of (a) and you can (b) does not go beyond five-hundred thousand dollars. The requirements of (i) and you may (ii) of the Part shall be mentioned from the amounts claimed in the the conclusion the new times immediately before brand new month where the loan otherwise created commitment getting a selected amount borrowed was generated.
Assets on inventory or securities from a national mortgage financial or in the latest stock of your own Federal national mortgage association
(i) Finance towards the safety off liens or mortgages on home-based or nonresidential home, aside from the fresh new fund and you can investment into the financing away from an association on nonresidential a residential property should perhaps not exceed forty per cent of its assets.
(ii) Conversion process regarding loans or using attract therein to your residential a house tends to be marketed having correct regarding replacing. (بیشتر…)