CHAPTER 13. LOANS. RESTRICTIONS ON INDEBTEDNESS. BUSINESS STOCK AND…

CHAPTER 13. LOANS. RESTRICTIONS ON INDEBTEDNESS. BUSINESS STOCK AND SECURITIES that are CAPITAL

REAL-ESTATE LOANS

В§ 13.31. Reappraisals of liened properties.

(a) In the event that re re payments of great interest on frequently amortizing property obligations have been in arrears for 3 months, the institution shall register a present certification of examination to aid the delinquent financial obligation, unless an assessment or assessment was made within 12 months of this delinquency and also the proper certification is on file.

(b) Loans perhaps perhaps not at the mercy of a regular amortization schedule will probably be sustained by reappraisals made when within every 3 12 months period.

(c) If responsibilities are increased for just about any explanation or if brand brand brand new instruments are written to pay for exactly the same liened premises, apart from regarding the rollover or renegotiated price mortgages, an appraisal that is current of home will probably be on file.

The conditions of the В§ 13.31 used by Secretarys Letter B, dated, and amended by Secretarys Letter E, dated; amended through, effective, 10 Pa.B.. text that is immediately preceding at serial web web web web page (23468).

В§ 13.32. Renegotiable rollover or rate home loans.

A savings bank could make, buy or be involved in renegotiable price or rollover mortgages. „CHAPTER 13. LOANS. RESTRICTIONS ON INDEBTEDNESS. BUSINESS STOCK AND SECURITIES that are CAPITAL“ weiterlesen