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#1732490 - 08/17/12 07:20 PM Targeted Loan Program
husker14 Offline
Member
Joined: Aug 2005
Posts: 50
Our CEO is pressing to establish a loan program targeted to and limited to the city police department. Would this program fall under the government exemption of fair lending sec 1002.3?? any other concerns??

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Lending Compliance
#1732549 - 08/17/12 09:06 PM Re: Targeted Loan Program husker14
Rocky P Offline
Power Poster
Joined: Jun 2003
Posts: 7,441
Florida
Husker, from the definition, it appears that they are referring to credits to governments - not people.

" Credit to governments. The exception relates to credit extended to (not by) governmental entities. For example, credit extended to a local government is covered by this exception,. . ."
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