Sec. 3. (a) A savings bank may make loans secured by mortgages on real property or leasehold, as the federal housing administrator insures or makes a commitment to insure, and to obtain such insurance. (b) An Indiana law: (1) prescribing the nature, amount, or form of security; (2) requiring security upon which loans or advances of credit may be made; (3) prescribing or limiting interest rates upon loans or advances of credit; or (4) prescribing or limiting the period for which loans or advances of credit may be made; does not apply to loans made under this section.
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