Reg O $100,000 Limit for Executive Officers

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Question:

We have a loan request from a limited partnership that is owned by an executive officer's wife and her family. Is this loan subject to the Regulation O $100,000 limit for Executive Officers?

Answer:

There is no easy answer without making a determination on whether or not the extending of the loan to the LP will have an indirect or direct economic benefit to the EO.

First published on BankersOnline.com 12/3/12