Declares that, after the date of the enactment of this Act, State law shall apply to the enforcement of any due-on-sale clause, or any other similar provision, contained in: (1) any mortgage which secures sums borrowed from a national bank; or (2) any promissory note which serves as evidence of sums borrowed from a national bank.
Introduced in House
Introduced in House
Referred to House Committee on Banking, Finance and Urban Affairs.
Referred to Subcommittee on Consumer Affairs and Coinage.
Referred to Subcommittee on Financial Institutions Supervision, Regulation and Insurance.
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