Skip to content

Personal Share Loan Using Custodial as Collateral

Answered by: 

Our institution has a savings account for minor children. A custodian has taken out a personal share loan using the custodial account as collateral. Is this allowed here in Florida?

No, Review Chapter 710 TRANSFERS TO MINORS

First published on 1/2/12

First published on 01/02/2012

Filed under: 
Filed under lending as: 

Banker Store View All

From training, policies, forms, and publications, to office products and occasional gifts, it’s available here:

Banker Store

hot right now

image description

Looking for effective, convenient training on a particular subject?

BOL Learning Connect offers more than 200 courses ON-DEMAND or on CD ROM from AML to Reg Z and every topic in between.

Search Topics