Title I: Lending and Investment Powers - Amends the Home Owners' Loan Act of 1933 to authorize federal savings and loan associations to invest in cooperative housing. Removes the limitation on the percentage of its assets which a savings and loan association may invest in the following: (1) commercial real estate loans; (2) loans for home improvement and mobile homes; and (3) State and local government bonds to raise revenue for the rehabilitation, financing, or construction of residential real estate.
Introduced in Senate
Referred to Senate Committee on Banking, Housing and Urban Affairs.
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