Loan Participation and Reg O

Posted By: Piano Man

Loan Participation and Reg O - 08/26/15 07:38 PM

One of our directors wishes to purchase a participation with the bank. Are there any Reg O requirements that have to be made prior to selling the loan to the director? Thanks.
Posted By: rlcarey

Re: Loan Participation and Reg O - 08/26/15 08:54 PM

Purchase with the bank or from the bank? Why are they doing this? It is most likely not a Regulation O issue, but it might be considered self-dealing unless you normally do this with individuals.