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#2020133 - 06/12/15 04:33 PM Helpful bankers
Anonymous
Unregistered

What are the implications of a bank doing a large dollar consumer and stated miscellaneous purpose loan for a bank official at another bank. Would there only be implications for the official at the other bank ?

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#2020154 - 06/12/15 05:23 PM Re: Helpful bankers Anonymous
Here4Life Offline
100 Club
Joined: Feb 2010
Posts: 121
Look at Regulation O for guidelines.

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#2020217 - 06/12/15 08:07 PM Re: Helpful bankers Anonymous
Anonymous
Unregistered

Reg O if it was our official. This is another f.i.'s official.

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#2020218 - 06/12/15 08:12 PM Re: Helpful bankers Anonymous
Kathleen O. Blanchard Offline

10K Club
Kathleen O. Blanchard
Joined: Dec 2000
Posts: 21,293
See the end of this thread.

http://www.bankersonline.com/forum/ubbth...rue#Post1903997

If there is no relationship between the banks, there is no issue.
_________________________
Kathleen O. Blanchard, CRCM "Kaybee"
HMDA/CRA Training/Consulting/Mapping
The HMDA Academy
www.kaybeescomplianceinsights.com

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#2020413 - 06/15/15 03:21 PM Re: Helpful bankers Anonymous
Anonymous
Unregistered

Thanks Kathleen B
Have a good week smile

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