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Indiana Code Title 28. Financial Institutions § 28-6.1-7-5

Current as of January 02, 2024 | Updated by Findlaw Staff

Sec. 5. (a) A savings bank may extend credit to any state agency, with the approval of the department, notwithstanding any other provisions or limitations of IC 28-1.

(b) An Indiana law:

(1) prescribing the nature, amount, or form of security;

(2) requiring security upon which loans or advances of credit may be made;

(3) prescribing or limiting interest rates upon loans or advances of credit;  or

(4) prescribing or limiting the period for which loans or advances of credit may be made;

does not apply to loans or advances of credit made under this section.

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Cite this article: FindLaw.com - Indiana Code Title 28. Financial Institutions § 28-6.1-7-5 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-28-financial-institutions/in-code-sect-28-6-1-7-5/

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