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#1477980 - 12/08/10 08:03 PM DeNovo Bank Legal Lending Limit
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Situation - FDIC bank - just slightly over 3 years old - does the denovo limits still apply or can they lend up to the 25% rule (if secured by readily marketable collateral)? I know that Denovo timeframe changed to 7 years so that's why I am asking...

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#1532085 - 04/06/11 03:55 PM Re: DeNovo Bank Legal Lending Limit Starter
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where can I find the definition of de novo bank for New York?

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#1532102 - 04/06/11 04:10 PM Re: DeNovo Bank Legal Lending Limit Starter
rlcarey Online
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Galveston, TX
Have you reviewed Section 103 of the NY Banking Law? The FDIC does not govern lending limits for State banks.
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#1619080 - 10/24/11 04:25 PM Re: DeNovo Bank Legal Lending Limit rlcarey
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Question, I reviewed section 103 of NY Banking Law, it describes the legal lending limit as 15% of capital stock, surplus fund and undivided profits - does this mean Tier 1 captial? or does this mean Tier 1 plus Tier 2? Or does this mean Tier 1 plus the ALLL?

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#1619084 - 10/24/11 04:34 PM Re: DeNovo Bank Legal Lending Limit Starter
Kathleen O. Blanchard Offline

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You should compare the definitions for each calculation (Tier 1, etc.) to see if any match the NY legal lending limit calculation. It may require a separate calculation.
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Kathleen O. Blanchard, CRCM "Kaybee"
HMDA/CRA Training/Consulting/Mapping
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#1619094 - 10/24/11 04:42 PM Re: DeNovo Bank Legal Lending Limit Kathleen O. Blanchard
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I've been trying but I can't find the definitions - been pulling my hair out for three hours now trying to prove a point to someone and want to have my facts in writing...

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#1619113 - 10/24/11 04:59 PM Re: DeNovo Bank Legal Lending Limit Starter
Kathleen O. Blanchard Offline

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The definitions are in the call report instructions.
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Kathleen O. Blanchard, CRCM "Kaybee"
HMDA/CRA Training/Consulting/Mapping
The HMDA Academy
www.kaybeescomplianceinsights.com

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#1619120 - 10/24/11 05:08 PM Re: DeNovo Bank Legal Lending Limit Kathleen O. Blanchard
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Schedule RC-R and its instructions should help you. You start with equity capital from Schedule RC (balance sheet).
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Kathleen O. Blanchard, CRCM "Kaybee"
HMDA/CRA Training/Consulting/Mapping
The HMDA Academy
www.kaybeescomplianceinsights.com

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