§ 54C-145 – Parity in loans or investments.
54C-145. Parity in loans or investments. Subject to any limitations and restrictions as the Commissioner of Banks may prescribe through rules, a savings bank may make any loan or investment, or engage in any activity, which may be permitted under State law for banks or under the laws of the United States for federal associations […]
§ 54C-134 – Federal Home Loan Bank obligations.
54C-134. Federal Home Loan Bank obligations. A savings bank may invest in the stock of the Federal Home Loan Bank of which the association is a member, and in bonds or other evidences of indebtedness or obligation of any Federal Home Loan Bank. (1991, c. 680, s. 1.)
§ 54C-135 – Deposits in depository institutions.
54C-135. Deposits in depository institutions. A savings bank may invest in certificates of deposit, time-insured deposits, savings accounts, demand deposits, or withdrawable accounts of any banks, associations, or savings banks as are approved by the board of directors of the savings bank. (1991, c. 680, s. 1.)
§ 54C-126 – Methods of loan repayment.
54C-126. Methods of loan repayment. Subject to any rules as the Commissioner of Banks may prescribe, a savings bank shall agree in writing with borrowers as to the method or plan by which an indebtedness shall be repaid. (1991, c. 680, s. 1; 2001-193, s. 16.)
§ 54C-127 – Insider loans.
54C-127. Insider loans. The Commissioner of Banks may adopt rules no less stringent than the requirements of the appropriate federal regulatory authority to govern the making of loans to officers and directors, and their associates, and companies or other business entities controlled by them. (1991, c. 680, s. 1; 2001-193, s. 16.)
§ 54C-128 – Rulemaking power of Commissioner of Banks.
54C-128. Rulemaking power of Commissioner of Banks. Any rule that the Commissioner of Banks may adopt in respect to loans permitted to be made by State savings banks as may be reasonably necessary to assure that the loans are in keeping with sound lending practices and to promote the purposes of this Chapter shall not […]
§ 54C-129 – Nonconforming loans and investments.
54C-129. Nonconforming loans and investments. Unless otherwise provided, every loan or other investment made in violation of this Chapter is due and payable according to its terms and the obligation thereof is not impaired; provided, that the violation consists only of the lending of an excessive sum on authorized security or of investing in an […]
§ 54C-130 – Limitation on loans to one borrower.
54C-130. Limitation on loans to one borrower. (a) The total loans and extensions of credit, both direct and indirect, by a savings bank to any person, other than a municipal corporation for money borrowed, outstanding at one time and not fully secured, as determined in a manner consistent with subsection (b) of this section, by […]
§ 54C-131 – Investment in banking premises.
54C-131. Investment in banking premises. A savings bank may invest in real property and equipment and in leasehold improvements to rented facilities necessary for the conduct of its business and in real property to be held for its future use. A savings bank may invest in office buildings and appurtenances for the purpose of the […]
§ 54C-132 – United States obligations.
54C-132. United States obligations. A savings bank may invest in any obligation issued and fully guaranteed in principal and interest by the United States government or any instrumentality of the United States. (1991, c. 680, s. 1.)