Delaware Code Title 5 Sec. 1910 – Borrowing from Federal Home Loan Bank
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Any building and loan association doing business in this State may borrow from any Federal Home Loan Bank to any amount within the regulations of the Federal Home Loan Bank and may secure advances from the Federal Home Loan Bank by the assignment or pledge of any mortgage, mortgages, or other assets, held by the building and loan association, and the building and loan association is authorized in securing advances to comply with such regulations, restrictions and limitations as the board of the Federal Home Loan Bank prescribes.
32 Del. Laws, c. 107, § ?7; 39 Del. Laws, c. 19, § ?1; Code 1935, § ?2342; 5 Del. C. 1953, § ?1910;
Terms Used In Delaware Code Title 5 Sec. 1910
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- State: means the State of Delaware; and when applied to different parts of the United States, it includes the District of Columbia and the several territories and possessions of the United States. See Delaware Code Title 1 Sec. 302