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Pennsylvania Statutes Title 7 P.S. Banks and Banking § 6020-147. Limitation on aggregate of loans made on five or more family residential properties, development loans, and other income producing properties

Current as of January 01, 2025 | Updated by Findlaw Staff

<The Savings Association Code of 1967, 7 P.S. §§ 6020-1 to 6020-254, has been repealed by Act 2013, June 24, P.L. 67, No. 23, §§ 1 to 107, effective in one year [June 24, 2014], but remains in full force and effect as to transactions and proceedings commenced prior to said repeal, pursuant to Act 2013-23, § 109.>

The aggregate of all loans made by an association on residential properties for five or more families, development loans, and other income producing properties and of participation loans secured by such properties shall not exceed fifty percent of the assets of the association.

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Cite this article: FindLaw.com - Pennsylvania Statutes Title 7 P.S. Banks and Banking § 6020-147. Limitation on aggregate of loans made on five or more family residential properties, development loans, and other income producing properties - last updated January 01, 2025 | https://codes.findlaw.com/pa/title-7-ps-banks-and-banking/pa-st-sect-7-6020-147/

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