12 U.S. Code § 2711 - Nonapplicability of other laws
Notwithstanding any provision of law which limits the nature, amount, term, form, or rate of interest, or the nature, amount, or form of security of loans or advances of credit, loans, or advances of credit may be made in accordance with the provisions of this chapter without regard to such provision of law.
Source(Pub. L. 94–50, title I, § 110, formerly § 112,July 2, 1975, 89 Stat. 254; renumbered § 110,Pub. L. 111–203, title XIV, § 1496(b)(8),July 21, 2010, 124 Stat. 2209.)
A prior section 110 ofPub. L. 94–50, which related to waiver and relaxation by institutions and approved mortgagees of limitations with respect to mortgage delinquencies; notification to Federal supervisory agency prior to foreclosure proceedings, was classified to section 2709 of this title prior to repeal by Pub. L. 111–203, title XIV, § 1496(b)(7),July 21, 2010, 124 Stat. 2209.
Effective Date of 2010 Amendment
Amendment of section by renumbering section 112 ofPub. L. 94–50as section 110 ofPub. L. 94–50effective on the date on which final regulations implementing such amendment take effect, or on the date that is 18 months after the designated transfer date if such regulations have not been issued by that date, see section 1400(c) ofPub. L. 111–203, set out as a note under section 1601 of Title 15, Commerce and Trade.
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