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#1698710 - 05/11/12 03:53 PM Legal Lending Limit
pat robbins Offline
Member
Joined: Jun 2007
Posts: 87
Oklahoma
I've been searching with no luck for Oklahoma state bank's legal lending limit for individual insiders and the aggregate lending limit for all insiders. Can anyone help? Thanks.

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#1698842 - 05/11/12 06:41 PM Re: Legal Lending Limit pat robbins
Pauli Loeffler Offline
Member
Pauli Loeffler
Joined: Jan 2011
Posts: 77
OK
The limits are as stated in Reg O 215.4(c)-(d). The issue is how you figure those limits based upon the definition of capital under Tit. 6 O.S. Sec. 102(8) as applied to Tit. 6 O.S. Sec. 802 since you must deduct intangible assets (if any) in determining the lending limits.

By PM, I am sending you the differences in how these are calculated for an Oklahoma bank versus a national bank.

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#1698925 - 05/11/12 08:18 PM Re: Legal Lending Limit Pauli Loeffler
pat robbins Offline
Member
Joined: Jun 2007
Posts: 87
Oklahoma
Thanks so much,have good weekend.

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