Section 34.4 - Applicability of state law(a) A national bank may make real estate loans under 12 U.S.C. 371 and § 34.3 , without regard to state law limitations concerning:(1) Licensing, registration (except for purposes of service of process), filings, or reports by creditors;(2) The ability of a creditor to require or obtain private mortgage insurance, insurance for other collateral, or other credit enhancements or risk mitigants, in furtherance of safe and sound banking practices;(3) Loan-to-value ratios;(4) The terms of credit, including schedule for repayment of principal and interest, amortization of loans, balance, payments due, minimum payments, or term to maturity of the loan, including the circumstances under which a loan may be called due and payable upon the passage of time or a specified event external to the loan;(5) The aggregate amount of funds that may be loaned upon the security of real estate;(6) Escrow accounts, impound accounts, and similar accounts;(7) Security property, including leaseholds;(8) Access to, and use of, credit reports;(9) Disclosure and advertising, including laws requiring specific statements, information, or other content to be included in credit application forms, credit solicitations, billing statements, credit contracts, or other credit-related documents;(10) Processing, origination, servicing, sale or purchase of, or investment or participation in, mortgages;(11) Disbursements and repayments;(12) Rates of interest on loans;(13) Due-on-sale clauses except to the extent provided in 12 U.S.C. 1701j-3 and 12 CFR part 591 ; and(14) Covenants and restrictions that must be contained in a lease to qualify the leasehold as acceptable security for a real estate loan.(b) State laws on the following subjects are not inconsistent with the real estate lending powers of national banks and apply to national banks to the extent consistent with the decision of the Supreme Court in Barnett Bank of Marion County, N.A. v. Nelson, Florida Insurance Commissioner, et al.,517 U.S. 25 (1996): (4) Homestead laws specified in 12 U.S.C. 1462a(f) ;(5) Rights to collect debts;(6) Acquisition and transfer of real property;(9) Any other law that the OCC determines to be applicable to national banks in accordance with the decision of the Supreme Court in Barnett Bank of Marion County, N.A. v. Nelson, Florida Insurance Commissioner, et al.,517 U.S. 25 (1996), or that is made applicable by Federal law. 69 FR 1917 , Jan. 13, 2004, as amended at 76 FR 43569 , July 21, 2011