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12 USC § 1730e - Repealed. Pub. L. 96–221, title V, § 529, Mar. 31, 1980, 94 Stat. 168 

---
identifier: "/us/usc/t12/s1730e"
source: "usc"
legal_status: "official_prima_facie"
title: "12 USC § 1730e - Repealed. Pub. L. 96–221, title V, § 529, Mar. 31, 1980, 94 Stat. 168"
title_number: 12
title_name: "BANKS AND BANKING"
section_number: "1730e"
section_name: "Repealed. Pub. L. 96–221, title V, § 529, Mar. 31, 1980, 94 Stat. 168"
chapter_number: 13
chapter_name: "NATIONAL HOUSING"
subchapter_number: "IV"
subchapter_name: "INSURANCE OF SAVINGS AND LOAN ACCOUNTS"
positive_law: false
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
status: "repealed"
---

# § 1730e. Repealed. Pub. L. 96–221, title V, § 529, Mar. 31, 1980, 94 Stat. 168

Section, , as added , , , provided that if the applicable rate prescribed in this section exceeded the rate an insured institution would be permitted to charge in the absence of this section, then such institution could, for a business or agricultural loan of $25,000 or more, notwithstanding State law, take or charge on any evidence of debt, interest of not more than 5 per centum in excess of the discount rate in effect at the Federal Reserve bank in the district in which the institution was located, that the taking or charging of interest at a greater rate than that prescribed by this section, if knowingly done, would be deemed a forfeit of the entire interest on that particular evidence of debt, and that if such greater rate of interest had already been paid, the payor could recover twice the amount of such payment in a civil action commenced within two years of such payment. See .

A prior section 1730e, , as added , , , identical to this section as added by , was repealed by , effective at the close of , except that its provisions would continue to apply to any loan made in any State on or after , but prior to such repeal.

A prior section 1730e, , as added , , , identical to this section as added by , was repealed by  except that its provisions shall continue to apply to any loan made in any State during the period specified in .

## Statutory Notes and Related Subsidiaries

### Effective Date of Repeal

, , , provided that the repeal of this section is effective at close of .

### Savings Provision

, , , provided that, notwithstanding the repeal of  and title II of , this section [which had been enacted by those laws] shall continue to apply to any loan made, any deposit made, or any obligation issued in any State during any period when this section was in effect in such State.