12 CFR 560.110 - Most favored lender usury preemption

Cite as12 CFR 560.110
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18 practice notes
  • Reports and guidance documents; availability, etc.: Economic Growth and Regulatory Paperwork Reduction Act; joint report to Congress,
    • United States
    • Federal Register November 01, 2007
    • November 1, 2007
    ...Minneapolis v. First of Omaha Service Corp., 439 U.S. 299 (1978); Smiley v. Citibank (South Dakota), N.A., 517 U.S. 735 (1996). \24\ See 12 CFR 560.110. \25\ See 70 FR \26\ See Greenwood Trust Co. v. Commonwealth of Mass., 971 F. 2d 818 (1st Cir. 1992). Recommendation: In light of the actio......
  • Meetings: Petition for Rulemaking to Preempt Certain State Laws; public hearing,
    • United States
    • Federal Register March 21, 2005
    • March 21, 2005
    ...adopt parallel provisions by rule to allow state banks to operate in a matching legal framework under section 27. \17\ 12 CFR 7.4001; 12 CFR 560.110. \18\ The relevant parallel interest provision for the OTS is section 4(g) of the Home Owners Loan Act (12 U.S.C. 1463(g)), which was derived ......
  • Part IV
    • United States
    • Federal Register November 01, 2007
    • November 1, 2007
    ...Minneapolis v. First of Omaha Service Corp., 439 U.S. 299 (1978); Smiley v. Citibank (South Dakota), N.A., 517 U.S. 735 (1996). \24\ See 12 CFR 560.110. \25\ See 70 FR \26\ See Greenwood Trust Co. v. Commonwealth of Mass., 971 F. 2d 818 (1st Cir. 1992). Recommendation: In light of the actio......
  • State Farm Bank, F.S.B. v. Burke, No. 3:05CV808 (JBA).
    • United States
    • United States District Courts. 2nd Circuit. United States District Court (Connecticut)
    • June 21, 2006
    ...from preemption for lending-related activities, similar to the one described in note 3 supra. See 12 C.F.R. § 560.2(c); see also 12 C.F.R. § 560.110. 5. CUSA defines "security" [A]ny note, stock, treasury stock, security future, bond, debenture, evidence of indebtedness, certificate of inte......
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12 cases
  • State Farm Bank, F.S.B. v. Burke, No. 3:05CV808 (JBA).
    • United States
    • United States District Courts. 2nd Circuit. United States District Court (Connecticut)
    • June 21, 2006
    ...from preemption for lending-related activities, similar to the one described in note 3 supra. See 12 C.F.R. § 560.2(c); see also 12 C.F.R. § 560.110. 5. CUSA defines "security" [A]ny note, stock, treasury stock, security future, bond, debenture, evidence of indebtedness, certificate of inte......
  • Flagg v. Yonkers Sav. And Loan Ass'n, Fa, No. 03 CIV. 5133(WCC).
    • United States
    • United States District Courts. 2nd Circuit. United States District Courts. 2nd Circuit. Southern District of New York
    • March 8, 2004
    ...powers conferred by this section are intended to encourage such institutions to provide credit for housing safely and soundly. 7. 12 C.F.R. § 560.110 is entitled "Most Favored Lender Usury Preemption" and is not relevant in the present 8. Specifically, 12 C.F.R. § 560.2(c) provides: State l......
  • Davis v. World Sav. Bank, FSB, Civil Action No. 10–1761 (RMC).
    • United States
    • United States District Courts. United States District Court (Columbia)
    • August 29, 2011
    ...dismissed the case based on HOLA preemption and failure to state a claim. See Defs.' Notice of Subsequent Authority [Dkt. # 18]. 4. 12 C.F.R. § 560.110 is not relevant here. It provided that a federal savings association may charge interest at the maximum rate permitted to any state-charter......
  • Checking Account Overdraft Litig. v. Sovereign Bank, MDL No. 2036
    • United States
    • United States District Courts. 11th Circuit. United States District Courts. 11th Circuit. Southern District of Florida
    • July 26, 2012
    ...lending operations or is not otherwise contrary to the purposes expressed in paragraph (a) of this section. 12 C.F.R. § 560(c). 9.See12 C.F.R. § 560.110, Most favored lender usury preemption (“If state law permits different interest charges on specified classes of loans, a federal savings a......
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