N.Y. Comp. Codes R. & Regs. tit. 3 § 94.2
Current through Register Vol. 46, No. 53, December 31, 2024
A savings and loan association may borrow money for purposes other than repaying shareholders and depositors, and pledge its assets as security for the repayment thereof, in amounts not exceeding 50 percent of its assets.
N.Y. Comp. Codes R. & Regs. Tit. 3 § 94.2