1. LawStack
  2. Title 12 - Banks and Banking
  3. Chapter II - FEDERAL RESERVE SYSTEM
  4. Subchapter A - BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
  5. Part 215 - LOANS TO EXECUTIVE OFFICERS, DIRECTORS, AND PRINCIPAL SHAREHOLDERS OF MEMBER BANKS (REGULATION O)
  6. 12 CFR § 215.6
12 CFR § 215.6
Prohibition on knowingly receiving unauthorized extension of credit
November 10, 2020
CFR

No executive officer, director, or principal shareholder of a member bank or any of its affiliates shall knowingly receive (or knowingly permit any of that person's related interests to receive) from a member bank, directly or indirectly, any extension of credit not authorized under this part.

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§ 215.5 Additional restrictions on loans to executive officers of member banks
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§ 215.7 Extensions of credit outstanding on March 10, 1979

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