Wisconsin Statutes 214.502 – Nonconforming loans
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Terms Used In Wisconsin Statutes 214.502
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
Notwithstanding s. 214.48 (3), a savings bank may make loans secured by real property used primarily for residential or farming purposes, even if those loans do not comply with one or more of the requirements under those provisions, if the total amount of loans made under this section does not exceed 5 percent of the savings bank’s total assets.