12 USC 1429: Eligibility to secure advances
Result 1 of 1
   
 
<< Previous   TITLE 12 / CHAPTER 11 / § 1429   Next >>
 
12 USC 1429: Eligibility to secure advances Text contains those laws in effect on January 4, 1995
From Title 12-BANKS AND BANKINGCHAPTER 11-FEDERAL HOME LOAN BANKS
Jump To: Source CreditAmendments

§1429. Eligibility to secure advances

Any member of a Federal Home Loan Bank shall be entitled to apply in writing for advances. Such application shall be in such form as shall be required by the Federal Home Loan Bank with the approval of the Board. Such Federal Home Loan Bank may at its discretion deny any such application, or, subject to the approval of the Board, may grant it on such conditions as the Federal Home Loan Bank may prescribe.

(July 22, 1932, ch. 522, §9, 47 Stat. 731 ; Aug. 9, 1989, Pub. L. 101–73, title VII, §§701(b)(1), (3)(A), 710(a), 103 Stat. 412 , 418.)

Amendments

1989-Pub. L. 101–73, §710(a), struck out "or nonmember borrower" after "Any member".

Pub. L. 101–73, §701(b)(1), (3)(A), substituted "Board" for "board" wherever appearing.