§ 28-6.1-7-1 Application of rules
§ 28-6.1-7-2 Making FHA loans, advances of credit, and purchases of obligations
§ 28-6.1-7-3 Making FHA loans secured by mortgages
§ 28-6.1-7-4 Purchasing, investing in, and disposing of FHA and national mortgage association bonds, notes, and debentures
§ 28-6.1-7-5 Extending credit to state agencies
§ 28-6.1-7-6 Purchasing, taking, holding, and disposing of incorporated joint stock land bank notes and mortgages
§ 28-6.1-7-7 Owning and leasing property
§ 28-6.1-7-8 Purchasing and constructing buildings to be leased to public authorities
§ 28-6.1-7-9 Purchasing, holding, and conveying real property to be used as branch savings bank and rental property; resolution
§ 28-6.1-7-11 Equity investments in community development corporations and community based economic development; limits; exceptions to limits; exposure to liability
§ 28-6.1-7-12 Purchasing, holding, and conveying real estate necessary for transaction of business
§ 28-6.1-7-13 Paying interest and expenses
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Terms Used In Indiana Code > Title 28 > Article 6.1 > Chapter 7 - Powers of a Savings Bank Subject to the Rules of the Department

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Community Reinvestment Act: The Act is intended to encourage depository institutions to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods. It was enacted by the Congress in 1977. Source: OCC
  • 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.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • in writing: include printing, lithographing, or other mode of representing words and letters. See Indiana Code 1-1-4-5
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Property: includes personal and real property. See Indiana Code 1-1-4-5
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • real property: include lands, tenements, and hereditaments. See Indiana Code 1-1-4-5
  • Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5