StacksVerified U.S. regulatory reference

12 CFR §2.4

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
A bank employee or officer may participate in a bonus or incentive plan based on the sale of credit life insurance if payments to the employee or officer in any one year do not exceed the greater of:
  1. (a)Five percent of the recipient's annual salary; or
  2. (b)Five percent of the average salary of all loan officers participating in the plan.