The bank would be governed by your your loan policy. Some banks have written that the collateral/borrower would not be a reputational risk to the bank.
IMHO, the only restrictions in federal law would fall under fair lending affected by disparate impact - (such as wording to impact lending to businesses which may be heavily run by/cater to protected classes).
Whatever is in your policy, make sure it is universally enforced.
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Integrity. With it, nothing else matters. Without it, nothing else matters.