(1) The receiver may disallow any claim or portion of a claim against the licensed financial institution or licensed financial holding company, including a claim based on a security interest, preference, setoff, or priority which is not proved to the satisfaction of the receiver.
(2) In the case of a claim that is secured by any property or other asset of the licensed financial institution or licensed financial holding company, the portion of the claim which exceeds the fair market value of the property or assets shall be treated as an unsecured claim.
(3) This section shall not apply to an extension of credit from the Central Bank to the licensed financial institution.