CHAPTER 13. LOANS. RESTRICTIONS ON INDEBTEDNESS. BUSINESS STOCK AND SECURITIES that are CAPITAL

CHAPTER 13. LOANS. RESTRICTIONS ON INDEBTEDNESS. BUSINESS STOCK AND SECURITIES that are CAPITAL

GENERAL CONDITIONS

PARTICIPATIONS

INSTALLMENT LOANS

REAL-ESTATE LOANS

AVAILABILITYOF and SIMPLIFICATION BANK CREDIT STATEMENT OF POLICY

EXCLUSION TO CONCEPT OF BRANCH STATEMENT OF POLICY

The provisions of the Chapter 13 given under parts 305, 306 and 309 regarding the Banking Code of 1965 (7 P. S. В§ В§ 305, 306 and 309), unless otherwise noted.

GENERAL PROVISIONS

В§ 13.1. Definitions.

The words that are following terms, whenever found in this chapter, have actually the next definitions, unless the context demonstrably shows otherwise:

Act The Banking Code of 1965 (7 P. S. В§ В§ 1012204).

Indebtedness limitation The certain limitation as used under area 306(a) associated with work (7 P. S. В§ 306(a)).

Nonperishable staples Staples stored or handled to guarantee their security against spoilage when it comes to amount of the mortgage.

Easily marketable frozen or staples that are refrigerated marketable staples as defined in this area, but that are saved or handled in order to guarantee their security against spoilage when it comes to amount of the mortgage.

Easily marketable staples Articles of business, farming or industry that are the topic of dealings in a market that is ready adequately regular cost quotations to really make the cost effortlessly ascertainable with reasonable definiteness. Continue reading “CHAPTER 13. LOANS. RESTRICTIONS ON INDEBTEDNESS. BUSINESS STOCK AND SECURITIES that are CAPITAL”