GENERAL CONDITIONS
PARTICIPATIONS
INSTALLMENT LOANS
REAL-ESTATE LOANS
SIMPLIFICATION AND AVAILABILITYOF BANK CREDIT STATEMENT OF POLICY
EXCLUSION TO CONCEPT OF BRANCH STATEMENT OF POLICY
The conditions with this Chapter 13 given under parts 305, 306 and 309 associated with the Banking Code of 1965 (7 P. S. В§ В§ 305, 306 and 309), unless otherwise noted.
GENERAL CONDITIONS
В§ 13.1. Definitions.
The words that are following terms, whenever utilized in this chapter, have actually the next definitions, unless the context plainly shows otherwise:
Act The Banking Code of 1965 (7 P. S. В§ В§ 1012204).
Indebtedness limitation The particular limitation as used under area 306(a) of this work (7 P. S. В§ 306(a)).
Nonperishable staples Staples managed or kept to guarantee their security against spoilage for the amount of the mortgage.
Easily marketable frozen or staples that are refrigerated marketable staples as defined in this part, but that are saved or handled to make sure their security against spoilage when it comes to amount of the mortgage.
Easily marketable staples Articles of commerce, farming or industry that are the topic of dealings in a market that is ready adequately frequent cost quotations to help make the cost effortlessly ascertainable with reasonable definiteness. The word includes mainly fundamental commodities, such as for instance wheat, other grains, sugar, cotton, wool, fundamental metals and comparable items. The word will not add fabricated commodities.
The conditions of the В§ 13.1 amended under part 306 associated with Banking Code of 1965 (7 P. S. В§ 306).
The conditions with this В§ 13.1 amended, effective, 17 Pa.B. 4553.