State Banking Limitations Sample Clauses
The State Banking Limitations clause restricts the activities or operations of a party in accordance with specific state banking laws and regulations. Typically, this clause ensures that any financial transactions, lending, or deposit-taking activities comply with the legal requirements imposed by the relevant state authorities. For example, it may prohibit certain types of loans or require adherence to state-imposed interest rate caps. The core function of this clause is to ensure legal compliance and mitigate the risk of regulatory violations in financial dealings governed by state law.
State Banking Limitations. All obligations under this Agreement are further subject to such conditions, restrictions, limitations and forfeiture provisions as may separately apply pursuant to any applicable state banking laws.