SECTIONS 27000-27004

27000.  Insurance companies, personal finance companies, mortgagecompanies, mortgage insurance companies, building and loanassociations, trust companies, fiduciaries, or fiduciary institutionsmay invest in, or purchase such classes of first liens as arecommonly given to secure advances on, or the unpaid purchase price ofreal estate, including any part of an issue of notes or bondssecured by such first liens, which have been accepted for insuranceby the Federal Housing Administrator. The investment or purchase maybe made with their funds or the money in their custody or possesion,including but not being restricted to, all trust funds or funds theinvestment of which is regulated by law.27001.  Insurance companies, personal finance companies, mortgagecompanies, mortgage insurance companies, building and loanassociations, trust companies, fiduciaries, fiduciary institutions,or public or private agencies may invest in, or purchase obligationsof national mortgage associations. The investment or purchase may bemade with their funds or the money in their custody or possession,including but not being restricted to, all trust funds, or funds theinvestment of which is regulated by law.27002.  Insurance companies, personal finance companies, mortgagecompanies, or mortgage insurance companies may make, invest in, orpurchase loans or advances of credit insured by the Federal HousingAdministrator.27003.  Insurance companies, personal finance companies, mortgagecompanies, mortgage insurance companies, building and loanassociations, or trust companies may make such loans secured by realproperty or leasehold, as the Federal Housing Administrator insures,or makes a commitment to insure, and may obtain such insurance.27004.  No law of this State, prescribing the nature, amount or formof security or requiring security upon which loans or investmentsmay be made, or prescribing or limiting interest rates upon loans oradvances of credit or prescribing or limiting the period for whichloans or investments may be made, applies to loans or investmentsmade pursuant to this chapter.