S.C. Code Regs. § § 15-39G

Current through Register Vol. 48, No. 11, November 22, 2024

Section 15-39G - Balloon Payment and Reverse Annuity Mortgage Loans by State-chartered Savings and Loan Associations

State-chartered savings and loan associations will be authorized to make balloon payment mortgage loans and reverse annuity mortgage loans under the same terms and conditions as will be permitted federally chartered savings and loan associations by a proposed amendment dated July 14, 1981, of the Federal Home Loan Bank Board to part 545, subchapter C, Chapter V of Title 12, Code of Federal Regulations.

S.C. Code Regs. § 15-39G

Statutory Authority: 1976 Code Section 34-1-110