GroundRules
12 CFR 160.130: Prohibition on loan procurement fees.
Where this section sits in the code
- Title 12—Banks and Banking
- CHAPTER I—COMPTROLLER OF THE CURRENCY, DEPARTMENT OF THE TREASURY
- PART 160—LENDING AND INVESTMENT
If you are a director, officer, or other natural person having the power to direct the management or policies of a Federal savings association, you must not receive, directly or indirectly, any commission, fee, or other compensation in connection with the procurement of any loan made by the savings association or a subsidiary of the savings association.
Collected 2026-08-27T02:24:16Z. Source file · JSON