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#1047394 - 09/22/08 07:21 PM Reg. O vs state law
CaseyBoo30 Offline
Gold Star
Joined: Feb 2007
Posts: 262
Winchester, KY
How would I cite Regulation O taking precedence over state law with regards to individual lending limits? I was told that the more strict rule applies but how would I cite this?

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Lending Compliance
#1047401 - 09/22/08 07:26 PM Re: Reg. O vs state law CaseyBoo30
Dan Persfull Offline
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Dan Persfull
Joined: Aug 2002
Posts: 47,532
Bloomington, IN
215.2

\2\ Where State law establishes a lending limit for a State member bank that is lower than the amount permitted in section 5200 of the Revised Statutes, the lending limit established by applicable State laws shall be the lending limit for the State member bank.
_________________________
The opinions expressed are mine and they are not to be taken as legal advice.

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#1047408 - 09/22/08 07:31 PM Re: Reg. O vs state law Dan Persfull
CaseyBoo30 Offline
Gold Star
Joined: Feb 2007
Posts: 262
Winchester, KY
Thank you.

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