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#1684216 - 03/30/12 04:01 PM Reg O Guidance lines
Combustible Offline
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Joined: Dec 2008
Posts: 1,268
A bank approves director's guidance lines annually. The compliance officer has run into a situation where one of the affiliates guidance line does not reflect the aggregate amount of debt. There are two schools of thought here:

1) The guidance line does not aggregate debt, but instead preapproves new debt

2) The guidance line does aggregate debt, and anything over the guidance line needs additonal prior board approval

Please let me know what you think--

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Lending Compliance
#1684453 - 03/30/12 08:41 PM Re: Reg O Guidance lines Combustible
Combustible Offline
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Joined: Dec 2008
Posts: 1,268
BUMP please

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