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#1052686 - 09/29/08 04:21 PM Participation a "covered transaction" under Reg W?
MN Banker Offline
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Joined: Aug 2006
Posts: 980
Is a loan participation (purchased or sold) considered a covered transaction under Reg W and subject to the 10 and 20% limitations? According to the reg it sounds like it is, but if that is the case we are in violation with our sister banks so I'm hoping I'm missing something!!

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Lending Compliance
#1054082 - 09/30/08 05:57 PM Re: Participation a "covered transaction" under Reg W? MN Banker
MN Banker Offline
Platinum Poster
Joined: Aug 2006
Posts: 980
bump...anyone?

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