SECTION 85:25-3-45. Loans on property other than homes

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Every association shall so control and limit its lending policies that its percentage of non-residential classes of loans to total loans and to total assets shall at all times be within the limits required by the Federal Revenue Act definition of a building and loan association.

[Source: Transferred from 625:10-5-7 (see Editor’s Note at beginning of this Chapter)]

                    
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