Minn. Stat. § 50.155
This is the official text of Minn. Stat. § 50.155, part of Minnesota’s Stat — part of the compiled statutory law of Minnesota, published by the state as "Stat." Browse the sections below, each linked to its official government source.
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§ 50.155 PURCHASE OF CERTAIN MORTGAGE LOANS.
Official statutory text
Savings banks that are subject to the supervision of the commissioner of commerce are authorized to make or purchase loans secured by real estate mortgage the payment of which is guaranteed in whole or in part by the United States or any instrumentality thereof under the Servicemen's Readjustment Act of 1944 and amendments thereof provided that the unguaranteed portion of such loan does not exceed 70 percent of the appraised value of the security.
Status: in_force · Read it on the official government site
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