South Carolina Code 34-28-570. Maximum loans to one borrower
Current as of: 2023 | Check for updates
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Terms Used In South Carolina Code 34-28-570
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
An association may make a loan to one borrower up to the amount authorized by federal law or regulation for institutions insured by the Federal Savings and Loan Insurance Corporation, any successor thereto, or assignee federal agency established for the purpose of insuring savings accounts in associations.