GroundRules
FIN § 1363
Where this section sits in the code
- Financial Code - FIN
- DIVISION 1.1. BANKING [1000. - 1910.]
- CHAPTER 10. Restrictions and Prohibited Practices [1320. - 1367.]
- ARTICLE 2. Loans to Insiders [1360. - 1367.]
No bank shall extend credit in an aggregate amount greater than the amount permitted in paragraph (4) of subdivision (c) of Section 215.5 of Regulation O to any company that is majority owned by one or more executive officers of the bank, individually or collectively. For purposes of paragraph (4) of subdivision (c) of Section 215.5 of Regulation O, the total amount of credit extended by the bank to the company is considered to be extended to each of those executive officers.
Collected 2026-09-14T05:56:33Z. Source file · JSON