GroundRules
12 CFR 7.1007: National Bank Acceptances.
Where this section sits in the code
- Title 12—Banks and Banking
- CHAPTER I—COMPTROLLER OF THE CURRENCY, DEPARTMENT OF THE TREASURY
- PART 7—ACTIVITIES AND OPERATIONS
- Subpart A—National Bank and Federal Savings Association Powers
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.
Collected 2026-08-27T02:24:16Z. Source file · JSON