28-1-13-7.1. State Chartered Banks; Real Estate Loans
Sec. 7.1. (a) As used in this section, “federally chartered bank” means a bank that was incorporated under 12 U.S.C. 21 et seq. and is doing business in Indiana. (b) As used in this section, “rollover mortgage” means a loan that: (1) is secured by a first mortgage on real estate improved by: (A) a […]
28-1-13-8. Loans on Security of Own Shares; Acquisition of Shares; Disposition
Sec. 8. No bank or trust company shall make any loan or discount on the security of the shares of its own capital stock, nor be the purchaser or holder of any such shares, unless such security or purchase shall be necessary to prevent loss under a debt previously contracted in good faith; and stock […]
28-1-13-9. Repealed
Formerly: Acts 1933, c.40, s.203; Acts 1953, c.71, s.1; Acts 1961, c.232, s.1; Acts 1965, c.356, s.16; Acts 1973, P.L.281, SEC.2. As amended by Acts 1977, P.L.291, SEC.2; P.L.33-1991, SEC.17. Repealed by P.L.42-1993, SEC.103.
28-1-13-10. Prohibition Against Accepting Compensation for Procuring Loan; Exception for Bona Fide Employment or Compensation Agreements
Sec. 10. (a) Except as otherwise provided, and subject to subsection (b), an officer, director, owner, partner, employee, or attorney of any bank or trust company who stipulates for, receives, or consents or agrees to receive, any fee, commission, gift, or thing of value, from any person, for the purpose of procuring or endeavoring to […]
28-1-13-11. Reduction of Existing Obligations Held in Excess of Limitations
Sec. 11. Except as otherwise provided in this chapter, any bank or trust company which holds obligations of indebtedness in violation of the limitations prescribed in this chapter shall, not later than July 1, 1936, cause the amount of such obligations to conform to the limitations prescribed by this article and by the provisions of […]
28-1-13-12. Loans or Credit to Student Loan Marketing Association; Applicability of Capital and Surplus Limitation
Sec. 12. Loans or extensions of credit to the Student Loan Marketing Association are not subject to any limitation based on capital and surplus. As added by P.L.14-1992, SEC.92.
28-1-13-13. Applicability of Federal Regulations
Sec. 13. The department may apply the provisions of 12 CFR 32 in the application and administration of this chapter. As added by P.L.14-1992, SEC.93.
28-1-13-1.6. Exceptions to Limitations on Loans or Extensions of Credit to One Borrower
Sec. 1.6. The limitations contained in section 1.5 of this chapter are subject to the exceptions set forth in 12 CFR 32.3. As added by P.L.14-1992, SEC.88. Amended by P.L.73-2016, SEC.20.
28-1-13-1.7. Limit on Total Consumer Credit Obligation of One Borrower
Sec. 1.7. (a) Loans and extensions of credit arising from the discount of negotiable or nonnegotiable installment consumer paper that carries a full recourse endorsement or unconditional guarantee by the person transferring the paper is subject under this section to a maximum limitation equal to twenty-five percent (25%) of the capital and surplus, notwithstanding the […]
28-1-13-1.8. Limit on Obligations Secured by Documents or Instruments Covering Livestock; Dealer Discount of Paper Securing Sale of Dairy Cattle With Payment Guaranteed by Seller
Sec. 1.8. (a) Loans and extensions of credit secured by shipping documents or instruments transferring or securing title covering livestock or giving a lien on livestock when the market value of the livestock securing the obligation is not at any time less than one hundred fifteen percent (115%) of the face amount of the note […]