Notwithstanding any limitation, condition or prohibition in this chapter and to carry out the purposes of this chapter, the Director of the Department of Consumer and Business Services may adopt rules permitting associations to exercise any right, power or privilege conferred by federal law or regulation on federal associations doing business in this state. The director may adopt such a rule if the director finds that the exercise of any such right, power or privilege serves the public convenience and advantage. [1975 c.582 §78]
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