Amends the Home Owners' Loan Act of 1933 to declare that State law shall apply to the enforcement of any due-on-sale clause, or other similar provision, contained in: (1) any mortgage which secures sums borrowed from a Federal savings and loan association or national bank; or (2) any promissory note which serves as evidence of sums borrowed from a savings and loan association or national bank.
Introduced in House
Introduced in House
Referred to House Committee on Banking, Finance and Urban Affairs.
Referred to Subcommittee on Financial Institutions Supervision, Regulation and Insurance.
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