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#995623 - 07/15/08 05:10 PM Reg O Exec Officer or Director
CompQueen Offline
Junior Member
Joined: Mar 2007
Posts: 35
WA
Our President and Executive Vice president are also on our board of directors. Under regulation O there is the $100,000 limit on loand to executive officers. Does this limit still apply to them as they are both executive officers and directors? Or does only the director's limit of 15% of unimpared capital and unimpaired surplus apply?

Thanks for your responses.

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Lending Compliance
#995639 - 07/15/08 05:18 PM Re: Reg O Exec Officer or Director CompQueen
Beagles22 Offline
Power Poster
Joined: Jan 2004
Posts: 3,626
State of confusion
You would use the most restrictive rule they fall under, and they would be Reg O officers due to them being Executive officers of your bank.
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