12 CFR 560.110 - Most favored lender usury preemption
| Cite as | 12 CFR 560.110 |
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18 practice notes
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Reports and guidance documents; availability, etc.:
Economic Growth and Regulatory Paperwork Reduction Act; joint report to Congress,
...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......
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Meetings:
Petition for Rulemaking to Preempt Certain State Laws; public hearing,
...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 ......
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Part IV
...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......
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State Farm Bank, F.S.B. v. Burke, No. 3:05CV808 (JBA).
...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
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State Farm Bank, F.S.B. v. Burke, No. 3:05CV808 (JBA).
...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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Flagg v. Yonkers Sav. And Loan Ass'n, Fa, No. 03 CIV. 5133(WCC).
...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......
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Davis v. World Sav. Bank, FSB, Civil Action No. 10–1761 (RMC).
...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......
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Checking Account Overdraft Litig. v. Sovereign Bank, MDL No. 2036
...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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