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#687569 - 02/15/07 05:10 PM Loans to family members of loan officer
zippy1 Offline
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Joined: Oct 2006
Posts: 16
Where would I find guidance on loan officers lending to family members? This would not fall under Reg O since the loan officer does not fall into one of the categories under Reg O.

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Lending Compliance
#688593 - 02/16/07 06:00 PM Re: Loans to family members of loan officer zippy1
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 83,371
Galveston, TX
You would have to look towards your conflict of interest policy. A bank employee should never be involved with a transaction for family members - whether it be a loan officer and a loan or a teller and a deposit or withdrawal.
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#688860 - 02/16/07 09:03 PM Re: Loans to family members of loan officer rlcarey
zippy1 Offline
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Joined: Oct 2006
Posts: 16
That makes sense to me! Thanks for responding!

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