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NEW JERSEY STATUTES AND CODES

17:2-5 - Loans and advances eligible for insurance by federal housing administrator

17:2-5.  Loans and advances eligible for insurance by federal housing administrator
    Savings banks, banks, banking institutions, trust companies, personal finance companies, mortgage companies, installment lending companies, and other  such financial institutions organized under any general or special law of this  state which are approved by the federal housing administrator as eligible for  credit insurance, are authorized to make loans and advances of credit and  purchase obligations representing loans and advances of credit as are eligible  for insurance by the federal housing administrator and to obtain such  insurance.

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