The fresh new federal Garn-St. Germain Depository Institutions Operate off 1982 generally lets owed-on-selling conditions inside mortgage agreements. (This laws gave claims that had early in the day due-on-sales limitations three-years to reenact or enact brand new restrictions, whether or not only a couple from states acted contained in this time period. When it comes to those states, federal rules will not preempt owed-on-sales arrangements in certain particular categories of fund.)
But the Garn-St. Germain Act bars enforcement regarding a due-on-marketing condition immediately following some categories of property transfers, in addition to, however limited by: