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#1289216 - 11/18/09 08:56 PM Demand Feature & Related Interests
MHuff Offline
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MHuff
Joined: Nov 2006
Posts: 218
LA
Does the demand feature apply to related interests? We have an executive officer who endorses a loan to his related interest. Are we required to have a demand feature for this loan?
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#1289402 - 11/19/09 08:43 AM Re: Demand Feature & Related Interests MHuff
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 78,947
Galveston, TX
The loan is considered made to the executive officer, so yes.
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