1. LawStack
  2. Title 12 - Banks and Banking
  3. Chapter I - COMPTROLLER OF THE CURRENCY, DEPARTMENT OF THE TREASURY
  4. Part 7 - ACTIVITIES AND OPERATIONS
  5. Subpart A - National Bank and Federal Savings Association Powers
  6. 12 CFR § 7.1007
12 CFR § 7.1007
National Bank Acceptances
November 10, 2020
CFR

A national bank is not limited in the character of acceptances it may make in financing credit transactions. Bankers' acceptances may be used for such purpose, since the making of acceptances is an essential part of banking authorized by 12 U.S.C. 24.

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§ 7.1006 Loan agreement providing for a national bank share in profits, income, or earnings or for stock warrants
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§ 7.1008 Preparation by a national bank of income tax returns for customers or public

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