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#1499179 - 01/24/11 04:54 PM letter of credit
banker-12 Offline
Diamond Poster
Joined: May 2007
Posts: 1,243
Is a letter of credit subject to regulation B - joint intent requirements?

thanks,

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Lending Compliance
#1499280 - 01/24/11 06:20 PM Re: letter of credit banker-12
Dan Persfull Offline
10K Club
Dan Persfull
Joined: Aug 2002
Posts: 47,532
Bloomington, IN
A letter of credit is, or will be, an extension of credit. All credit whether business or consumer is covered by Reg. B. I don't see where a letter of credit would be exempt.
_________________________
The opinions expressed are mine and they are not to be taken as legal advice.

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#1499294 - 01/24/11 06:42 PM Re: letter of credit Dan Persfull
banker-12 Offline
Diamond Poster
Joined: May 2007
Posts: 1,243
okay...thank you

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