A bill to provide that State law shall apply to the enforcement of due-on-sale clauses by Federal savings and loan associations and by national banks.

referredUnited States· United States Congress· EN

Introduced

14 July 1982

Last action

—

Status

Referred to Subcommittee on Financial Institutions Supervision, Regulation and Insurance.

Summary

Amends the Home Owners' Loan Act of 1933 to declare that State law shall apply to the enforcement of any due-on-sale clause, or other similar provision, contained in: (1) any mortgage which secures sums borrowed from a Federal savings and loan association or national bank; or (2) any promissory note which serves as evidence of sums borrowed from a savings and loan association or national bank.

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Documents

1 official file

Introduced in House
summary · EN · 14 July 1982
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/97th-congress/house-bill/6764
Open data entity: https://api.congress.gov/v3/bill/97/hr/6764