§ 28-6.1-8-1 Application of article
§ 28-6.1-8-2 Making, arranging, purchasing, and selling real estate loans and extensions of credit
§ 28-6.1-8-3 Making FHA loans, advances of credit, and purchases of obligations
§ 28-6.1-8-4 Lending deposited money
§ 28-6.1-8-5 Investing in real estate
§ 28-6.1-8-6 Investing in dealings in exchange
§ 28-6.1-8-7 Becoming Federal Reserve System member and exercising conferred powers
§ 28-6.1-8-8 Exercising powers relating to federal home loan banks and corporations
§ 28-6.1-8-9 Investing in and selling shares of open-end investment companies
§ 28-6.1-8-10 Depositing funds; permissible institutions and accounts

Terms Used In Indiana Code > Title 28 > Article 6.1 > Chapter 8 - Investment and Loan Powers of Savings Banks

  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Federal Deposit Insurance Corporation: A government corporation that insures the deposits of all national and state banks that are members of the Federal Reserve System. Source: OCC
  • Federal Reserve System: The central bank of the United States. The Fed, as it is commonly called, regulates the U.S. monetary and financial system. The Federal Reserve System is composed of a central governmental agency in Washington, D.C. (the Board of Governors) and twelve regional Federal Reserve Banks in major cities throughout the United States. Source: OCC
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Property: includes personal and real property. See Indiana Code 1-1-4-5
  • United States: includes the District of Columbia and the commonwealths, possessions, states in free association with the United States, and the territories. See Indiana Code 1-1-4-5