§601.15. Collateral loans
Loans upon the pledge of investments provided for pursuant to the terms of this Title
are subject to the same limits as to each investment as is provided in this Title for
investments, if the face or current market value, whichever is less, of the investments is more
than the amount loaned thereon, and the current market value of the investments is at least
twenty percent more than the amount loaned thereon. This limitation shall not apply to loans
on the pledge of bonds or securities of the United States.
Acts 2021, No. 165, §1, eff. Jan. 1, 2022.