12 CFR 390.294
§ 390.294 Land loan.
United States · 12 CFR — Banks and Banking · Status: effective
Cite this
- Citation
- 12 CFR 390.294, § 390.294 Land loan, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/47260
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Full text
The term land loan means a loan:
(a) Secured by real estate upon which all facilities and improvements have been completely installed, as required by local regulations and practices, so that it is entirely prepared for the erection of structures;
(b) To finance the purchase of land and the accomplishment of all improvements required to convert it to developed building lots; or
(c) Secured by land upon which there is no structure.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.