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#1729244 - 08/09/12 04:31 PM Director related overdrafts
YHWB Offline
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Joined: Apr 2005
Posts: 638
Out there
We have a Director who guarantees the debt for an company. The company has an overdraft. Since the Director guarantees the debt, is this overdraft a Reg O issue? I was told there was some guidance issued in a commentary about this, but have not been able to locate it.

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Lending Compliance
#1729308 - 08/09/12 05:31 PM Re: Director related overdrafts YHWB
YHWB Offline
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Joined: Apr 2005
Posts: 638
Out there
I understand the lending limit issue. I am trying to determine if this is a pure overdraft issue becuase of the guarantee.

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#1729517 - 08/10/12 12:34 AM Re: Director related overdrafts YHWB
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 83,782
Galveston, TX
None that I am aware of.
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