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#1741997 - 09/18/12 10:49 PM Reg O Executive Officer Indebtedness
3-Dog Offline
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Joined: Feb 2011
Posts: 13
Reg O questions keep coming .... I look at the demand feature in 215.5(d)(4) as optional when an EO obtains indebtedness from another bank that causes his/her aggregate indebtedness under 215.5(c)(4) to exceed $100K. Am I correct in this? The EO has no credit issues nor any are there any issues on the ability to pay. Thanks!

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Lending Compliance
#1741999 - 09/18/12 11:10 PM Re: Reg O Executive Officer Indebtedness 3-Dog
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 83,363
Galveston, TX
Do you mean whether or not you have to actually excercise the demand feature? If so, you are correct. It remains at the option of the bank.
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