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#2279497 - 01/05/23 09:46 PM Reg O
Anonymous
Unregistered

I am trying to verify these % and unable to locate them in the regulation? HELP!


Amount Directors may borrow without prior Board Approval =5% of Banks unimpaired capital
Amount Officers may borrow without prior Board Approval = 2.5% of Banks unimpaired capital (subject to additional regO provisions)
Loan Limit for Directors unsecured =15% of Capital
Additional Loan Limit for Directors secured =10% of Capital *must be fully secured by readily marketable collateral; CDs, readily saleable gov securities etc.
Loan Limit for Non-Directors & Non-Officers =25% of Capital

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#2279498 - 01/05/23 09:50 PM Re: Reg O Anonymous
Anonymous
Unregistered

I want to verify that all of them are % of unimpaired capital ??

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#2279502 - 01/05/23 09:55 PM Re: Reg O Anonymous
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,350
Galveston, TX
Are you talking about State law? What sort of bank are you? Otherwise, I suggest you re-read this and then come back with further questions.

https://www.bankersonline.com/regulations/12-215-004
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