Interest Rate Break for Employees - Andy Zavoina

<a href="http://adserve.bankersonline.com/cgi-bin/advertpro/blink.fpl?region=2&slot=1" target="_top"><img src="http://adserve.bankersonline.com/cgi-bin/advertpro/bimg.fpl?region=2&slot=1&keyword=NULL" border="0"></a>


Site Map Our Sponsors Home

Compliance Gurus
Lending Gurus
Security Gurus
Marketing Gurus
Technology Gurus
eBanking Gurus

Print Friendly!

Email This Article!

<a href="http://adserve.bankersonline.com/cgi-bin/advertpro/blink.fpl?region=34&slot=1" target="_top"><img src="http://adserve.bankersonline.com/cgi-bin/advertpro/bimg.fpl?region=34&slot=1&keyword=NULL" border="0"></a>

Interest Rate Break for Employees
Answer by Andy Zavoina, BOL Guru
BIO AND CONTACT INFO

Question: We would like to offer a benefit to our employees by allowing 1.00% off published interest rates. Would this be violating any regulations? Any effect on executive officers and Reg O?

Answer: A discounted employee loan rate is a common benefit.

215.4(a)(2) of Reg. O carves the exception for you to allow this for executives as well. You just have to ensure they aren't the only ones who can qualify.

First published on BankersOnline.com 8/25/03

Home | Compliance | Lending | Operations | Security | Marketing | Technology | eBanking

BOL Archives Privacy Policy Important Disclaimer Recommend This Site ! Contact Us

BankersOnline is a free service made possible by the generous support of our advertisers and sponsors. Advertisers and sponsors are not responsible for site content. Please help us keep BankersOnline FREE to all banking professionals. Support our advertisers and sponsors by clicking through to learn more about their products and services.

<A href="http://adserve.bankersonline.com/cgi-bin/advertpro/blink.fpl?region=80&slot=1" target="_top"> <IMG src="http://adserve.bankersonline.com/cgi-bin/advertpro/bimg.fpl?region=80&slot=1&keyword=NULL" border="0" width="125" height="125" alt="Click Here!"> </A>

<A href="http://adserve.bankersonline.com/cgi-bin/advertpro/blink.fpl?region=31&slot=1" target="_blank"> <IMG src="http://adserve.bankersonline.com/cgi-bin/advertpro/bimg.fpl?region=31&slot=1&keyword=NULL" border="0" width="125" height="125" alt="Click Here!"> </A>

<A href="http://adserve.bankersonline.com/cgi-bin/advertpro/blink.fpl?region=4&slot=1" target="_top"> <IMG src="http://adserve.bankersonline.com/cgi-bin/advertpro/bimg.fpl?region=4&slot=1&keyword=NULL" border="0" width="125" height="125" alt="Click Here!"> </A>

<A href="http://adserve.bankersonline.com/cgi-bin/advertpro/blink.fpl?region=81&slot=1" target="_new"> <IMG src="http://adserve.bankersonline.com/cgi-bin/advertpro/bimg.fpl?region=81&slot=1&keyword=NULL" border="0" width="125" height="125" alt="Click Here!"> </A>