Pennsylvania Code
Title 10 - BANKING AND SECURITIES
Part III - Savings Association Bureau
Chapter 31 - INVESTMENT OPERATIONS
Section 31.3 - Over 75% loans on properties for residential use by five or more families
Universal Citation: 10 PA Code ยง 31.3
Current through Register Vol. 54, No. 12, March 23, 2024
The principal of the obligation on loans secured by properties designed primarily for residential use by five or more families or upon the security of real estate on which such a building is to be erected or upon the security of real estate on which a building consisting of dwelling units used to house persons affiliated with a college, university, hospital, or other institution is erected or to be erected may not exceed 90% of the fair market value of such property.
The provisions of this § 31.3 issued under section 144 of the Savings Association Code of 1967 (7 P. S. § 6020-144).
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