Limits on Empoyee Loan Program

Posted By: SJB

Limits on Empoyee Loan Program - 09/10/02 10:09 PM

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.
Posted By: Andy_Z

Re: Limits on Empoyee Loan Program - 09/10/02 11:07 PM

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.