{"data":{"id":"us/12-cfr-337.5","jurisdiction":"us","citation":"12 CFR 337.5","heading":"Exemption.","body":"Check guaranty card programs, customer-sponsored credit card programs, and similar arrangements in which a bank undertakes to guarantee the obligations of individuals who are its retail banking deposit customers are exempted from § 337.2: Provided, however, That the bank establishes the creditworthiness of the individual before undertaking to guarantee his/her obligations and that any such arrangement to which a bank's principal shareholders, directors, or executive officers are a party be in compliance with applicable provisions of Federal Reserve Regulation O (12 CFR part 215).","path":["Title 12—Banks and Banking","CHAPTER III—FEDERAL DEPOSIT INSURANCE CORPORATION","SUBCHAPTER B—REGULATIONS AND STATEMENTS OF GENERAL POLICY","PART 337—UNSAFE AND UNSOUND BANKING PRACTICES"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-12.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:16Z","sha256":"30e89ae93a16158687d12c34d1d46521388116489a7aa4e651d5ca968cb69cf1","source_id":"us-cfr","stale":true,"prev":"us/12-cfr-337.4","next":"us/12-cfr-337.6"},"notice":"GroundRules: Original legal text. Not legal advice."}