2023 Louisiana LawsRevised StatutesTitle 6 – Banking companies and you will Financial§6:822. Fund and assets

A connection could possibly get invest in, sell, take part, or otherwise price during the otherwise on the following loans or any other assets once the hereinafter offered:

(1) Zero connection should build a loan to a single debtor in the event the sum of (a) the amount of like financing, and (b) the entire balances of all of the a good financing owed so you can for example organization by including borrower is higher than a cost equivalent to this new reduced away from (i) 10 % of these association’s coupons responsibility, or (ii) a price comparable to for example association’s paid-for the money, excess, reserves to possess loss, and you may undivided profits; apart from one mortgage can be produced if for example the sum of (a) and you will (b) cannot surpass five-hundred thousand cash. The requirements of (i) and you may (ii) in the Section is going to be measured by the wide variety advertised at the conclusion this new week immediately before new few days where the mortgage or authored union having a selected loan amount is actually produced.

Investment regarding the stock or bonds from a national financial financial or perhaps in new stock of your own Federal national mortgage association

(i) Money with the coverage from liens otherwise mortgage loans upon home-based otherwise nonresidential a property, apart from the fresh financing and financial investments when you look at the fund away from a link for the nonresidential home will perhaps not exceed forty percent of their property.

(ii) Conversion process from money or acting desire therein on the domestic a residential property is generally offered which have proper from replacing. Any financing should just be marketed rather than recourse.

(c) You Government ties. Opportunities for the personal debt out of, or guaranteed concerning dominating and you will desire of the Joined States. A connection can get try to be representative into You from inside the brand new revenue or any other feeling of these personal debt.

(e) Federal Financial Financial Enterprise devices. Expenditures when you look at the mortgages, debt, or any other bonds sold by the Federal Mortgage Mortgage Agency pursuant for the Federal Mortgage Financial Enterprise Work.

(f) Almost every other authorities ties. Financial investments inside financial obligation, participations, securities, and other instruments from, otherwise given from the, otherwise guaranteed about dominant and you may desire by the, the fresh new Federal national mortgage association, the fresh new Education loan Marketing Relationship or perhaps the Regulators Federal Financial Connection, Government Home loan Mortgage Corporation, and other agency of your own All of us or any other ties protected pursuant to the National Property Act.

The latest limitations relative to unsecured loans to 1 debtor might be susceptible to such limits as administrator will get enforce

(g) Places. Opportunities regarding the day places, licenses, otherwise account of every financial this new dumps at which are covered by Government Deposit Insurance coverage Firm, or in the fresh new deals account, permits, or other accounts of every establishment the newest account where try insured by the Federal Deposit Insurance rates Company or perhaps the Federal Credit Commitment Display Insurance policies Loans, or any other guaranteeing organization appointed of the commissioner.

(h) Condition Securities. Opportunities within the debt away from, otherwise provided by the, people state or governmental subdivision thereof, in addition to people agency, organization, otherwise instrumentality of your state or political subdivision, besides a link may well not dedicate more than ten percent of their resource and surplus inside loans of every one issuer, exclusive out-of financial investments overall debt of every that issuer.

(i) Acquisition of insured money. Acquisition of fund protected because of the liens on improved a residential property hence loans in Boulder Creek is insured below terms of the National Construction Act, otherwise insured just like the provided about Servicemen’s Readjustment Act off 1944 or Chapter 37 off Identity 38 of the You Password.

(j) Do it yourself and you may are manufactured home loans. Funds designed for the fresh fix, equipping, adjustment, otherwise improvement of every home-based real property, and you will financing created for the purpose of are formulated home financing.

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