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#32045 - 09/10/02 10:09 PM Limits on Empoyee Loan Program
SJB Offline
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Joined: Jun 2002
Posts: 1,210
We have adopted an employee loan program. Loans to insiders and executive officers are of course subject to Reg O limitations. Now the question has come up whether there are any limits on total loans to all employees? I am not aware of any but want to check with you pros.
My opinions are not legal advice and are worth what you paid for them.

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#32046 - 09/10/02 11:07 PM Re: Limits on Empoyee Loan Program
Andy_Z Offline
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Joined: Oct 2000
Posts: 27,542
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Not outside of the Reg. O limits, which do not apply to all the employees.

"O" was written to prevent insider abuse. This is not likely to occur with an employee portfolio.
My opinions are not necessarily my employers.
Rules and Regs minus Relationships equals Resentment and Rebellion. John Maxwell

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