1. A savings bank may make any loan which: (a) Is secured by real property; (b) Is secured by personal property, including, without limitation, stock or other securities; (c) Results from a credit card issued by the savings bank; (d) Is unsecured; (e) Is made to the United States, its agencies or any governmental agency […]
No savings bank may make any loan to a director, officer or principal shareholder of the savings bank or any company owned or controlled by the savings bank if such a loan would be prohibited for a bank that is subject to 12 C.F.R. Part 215, commonly known as Regulation O. (Added to NRS by […]
1. A savings bank may make or invest in a loan to finance a borrower’s interest in or to refinance his or her existing interest in a cooperative housing corporation if the loan is secured by: (a) A first security interest in stock or a certificate of membership in the cooperative housing corporation; and (b) […]
A savings bank shall not make at one time loans to any one borrower, or under any one transaction, or applicable to any one project, or tract, if the savings bank would be prohibited from making such a loan under federal law applicable to federal savings banks pursuant to 12 C.F.R. § 32.3. (Added to […]
1. A savings bank may pay: (a) Current or past-due taxes, assessments or other applicable fees levied upon secured property; (b) Insurance premiums; (c) Life insurance premiums on policies that a savings bank may require to be assigned as additional collateral; or (d) Any similar or other charges required for the protection or preservation of […]
1. A savings bank may hold, manage and convey real property, including apartments and other buildings: (a) Acquired at or by foreclosure of the real property or a conveyance in lieu of foreclosure; or (b) Developed or built by the savings bank. Unless the savings bank has received a written waiver from the Commissioner, the […]
