Code of Federal Regulations · Section
§ 34.24 — Nonfederally Chartered Commercial Banks
12 C.F.R. § 34.24
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Pursuant to 12 U.S.C. 3803(a), a State chartered commercial bank may make ARM loans in accordance with the provisions of this subpart. For purposes of this section, the term “State” shall have the same meaning as set forth in § 34.2(b).
Authorizing Statute
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Alternative mortgage authority12 U.S.C. § 3803
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Property appraisal requirements15 U.S.C. § 1639h
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Office of the Comptroller of the Currency12 U.S.C. § 1