NRS 673.278
Power to make loans includes power to purchase loans and make loans upon security of other loans.

The power of a savings bank to make loans shall include:

1.

The power to purchase loans of any type that the savings bank may make.

2.

The power to make loans upon the security of loans of any type that the savings bank may make.

Source: Section 673.278 — Power to make loans includes power to purchase loans and make loans upon security of other loans., https://www.leg.state.nv.us/NRS/NRS-673.html#NRS673Sec278.

673.276
Permissible investments. 673.278
Power to make loans includes power to purchase loans and make loans upon security of other loans. 673.279
Purchases of real property contracts 673.280
Certain federal obligations are legal investments. 673.281
Restrictions on transfer or encumbrance of note and other obligations held by association. 673.300
Savings bank may become member and stockholder of Federal Home Loan Bank, borrow money and invest in bonds. 673.301
Savings bank may issue capital notes 673.302
Limitation on borrowing. 673.310
Loans and advances of credit insured by Federal Housing Administration or Department of Veterans Affairs. 673.315
Investment in Federal National Mortgage Association, Federal Home Loan Mortgage Corporation and SLM Corporation. 673.316
Additional advances or loans to borrower 673.2765
Investments in certain related service companies, operating subsidiaries or financial subsidiaries. 673.2766
Investments in real property for subdivision or residential development.

Last Updated

Feb. 5, 2021

§ 673.278’s source at nv.us

Stay Connected

Join thousands of people who receive monthly site updates.

Get Legal Help

The State Bar of Nevada runs a service for finding an attorney in good standing. Initial consultations are usually free or discounted: Lawyer Referral Service

Committed to Public Service

We will always provide free access to the current law. In addition, we provide special support for non-profit, educational, and government users. Through social entrepreneurship, we’re lowering the cost of legal services and increasing citizen access.

Navigate

California:	Codes
Colorado:	C.R.S.
Nevada:	NRS
New York:	Laws
Oregon:	OAR, ORS
Texas:	Statutes
World:	Rome Statute, International Dictionary

Location: https://nevada.public.law/statutes/nrs_673.278

Original Source: Section 673.278 — Power to make loans includes power to purchase loans and make loans upon security of other loans., https://www.leg.state.nv.us/NRS/NRS-673.html#NRS673Sec278 (last accessed Feb. 5, 2021).