17-5001.   Making, buying or selling certain guaranteed or insuredloans; application of 17-5501.Without regard to any other provision of law, savings and loanassociations, building and loan associations, banks, trust companies,insurance companies, and other organizations of this state authorized tomake mortgage loans and whose mortgage lending is regulated by law areauthorized to make or buy and sell any loan secured or unsecured, which isinsured or guaranteed by the United States or any instrumentality thereof,or by this state or any instrumentality thereof, or for which there is acommitment to so insure or guarantee, or for which a conditional guaranteehas been issued: Provided, That unsecured loans authorized by thissection shall be made only for maintenance, repair, modernization,alteration and improvement and the payment of delinquent indebtedness,taxes, or assessments on property owned by borrower: And providedfurther, That any such above described insured or guaranteed loans madeby a savings and loan association, or a building and loan association, or asavings association, shall nevertheless remain subject to the limitationsof loans to officers, directors and employees as provided in subsection (j)of K.S.A. 17-5501.

      History:   L. 1945, ch. 260, § 1; L. 1951, ch. 207, § 1; L. 1955, ch. 139, § 1;L. 1972, ch. 64, § 1; July 1.