Section 32-2-910 - Authority of state mutual associations to make real estate loans - borrower insurance requirements(1) A state mutual association has the same authority to make loans on real estate that is given by acts of congress or the federal reserve system to federal savings associations.(2) A mutual association that is subject to this section may not require a borrower, as a condition of obtaining or maintaining a loan secured by real property, to provide insurance on improvements to real property in an amount that exceeds the reasonable replacement value of the improvements.Added by Laws 2021, Ch. 431,Sec. 51, eff. 10/1/2021.