Statutory exceptions. The excep- tions to the lending limits set forth in 12 U.S.C. 84 and 12 CFR part 32 are ap- plicable to savings associations in the same manner and to the extent as they apply to national banks.
Statutory exceptions. All aspects of this collective bargaining agreement are subject to and subordinate to all statutes and regulations adopted by state agencies. The School Board may adopt policies pursuant to those statutes provided that the Board meets its bargaining obligations under Act 195 and that the policies adopted are not inconsistent with this collective bargaining agreement.
Statutory exceptions. The Handbook will direct HUD personnel to the official directive (XXXX 3) for exceptions and other information not covered in the Handbook. The Personnel Security Division will brief and provide a copy of XXXX 3 to all national security clearance holders.
Statutory exceptions. The excep- tions to the lending limits set forth in 12 U.S.C. 84 and 12 CFR part 32 are ap- plicable to savings associations in the same manner and to the extent as they apply to national banks.
(3) Loans to develop domestic residential housing units. Subject to paragraph (d)(4) of this section, a savings associa- tion may make loans to one borrower to develop domestic residential hous- ing units, not to exceed the lesser of $30,000,000 or 30 percent of the savings association’s unimpaired capital and unimpaired surplus, including all amounts loaned under the authority of the General Limitation set forth under paragraphs (c)(1) and (c)(2) of this sec- tion, provided that:
(i) The final purchase price of each single family dwelling unit the devel- opment of which is financed under this paragraph (d)(3) does not exceed $500,000;
(ii) The savings association is, and continues to be, in compliance with its capital requirements under part 567 of this chapter.
(iii) OTS permits, subject to condi- tions it may impose, the savings asso- ciation to use the higher limit set forth under this paragraph (d)(3). A savings association that meets the require- ments of paragraphs (d)(3)(i), (ii), (iv) and (v) of this section and that meets the requirements for ‘‘expedited treat- ment’’ under § 516.5 of this chapter may use the higher limit set forth under this paragraph (d)(3) if the savings as- sociation has filed a notice with OTS that it intends to use the higher limit at least 30 days prior to the proposed use. A savings association that meets the requirements of paragraphs (d)(3)(i), (ii), (iv), and (v) of this section and that meets the requirements for ‘‘standard treatment’’ under § 516.5 of this chapter may use the higher limit set forth under this paragraph (d)(3) if the savings association has filed an ap- plication with OTS and OTS has ap- proved the use the higher limit;
(iv) Loans made under this paragraph (d)(3) to all borrowers do not, in aggre- gate, exceed 150 percent of the savings association’s unimpaired capital and unimpaired surplus; and
(v) Such loans comply with the appli- cable loan-to-value requirements that apply to Federal savings associations.
(4) The authority of a savings asso- ciation to make a loan or extension of credit under the exception in para- graph (d)(3) of this section ceases im- mediately upon the association’s fail- ure to comply with any one of the re- quirements set forth in paragraph (d)(3) of this section or any condition(s) ...
