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

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

GENERAL CONDITIONS

PARTICIPATIONS

INSTALLMENT LOANS

REAL ESTATE LOANS

SIMPLIFICATION AND AVAILABILITYOF BANK CREDIT STATEMENT OF POLICY

EXCLUSION TO CONCEPT OF BRANCH STATEMENT OF POLICY

The conditions with this Chapter 13 granted under parts 305, 306 and 309 associated with the Banking Code of 1965 (7 P. S. В§ В§ 305, 306 and 309), unless otherwise noted.

GENERAL CONDITIONS

В§ 13.1. Definitions.

The after terms and terms, whenever found in this chapter, have actually the next meanings, unless the context demonstrably shows otherwise:

Act The Banking Code of 1965 (7 P. S. В§ В§ 1012204).

Indebtedness limitation The certain limitation as used under part 306(a) for the work (7 P. S. В§ 306(a)).

Nonperishable staples Staples stored or handled to guarantee their protection against spoilage when it comes to amount of the mortgage.

Easily marketable frozen or staples that are refrigerated marketable staples as defined in this area, but that are saved or managed to make sure their short term payday loan Frisco Texas security against spoilage for the amount of the mortgage.

Readily marketable staples Articles of business, farming or industry that are the main topic of dealings in a prepared market with adequately regular cost quotations to help make the cost easily ascertainable with reasonable definiteness. The expression includes mainly fundamental commodities, such as for example wheat, other grains, sugar, cotton, wool, fundamental metals and products that are similar. The definition of will not add fabricated commodities.Read more