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Reg. O Loan Limit Exemption

Answered by: 
Jack Holzknecht

Question: 
I thought I heard Jack Holzknecht say in his Reg. O webinar that the $100,000 limitation on executive officers did not apply to related interests of the executive officer. I cannot find that exemption in the regulations. Can you tell me if this is true, and, if so, where I can find it in the regulations?
Answer: 

There is no such exemption, because none is needed. The provisions of 12 CFR 215.5 only apply to an "executive officer." There is no mention of any other insiders, including related interests. Compare this section to the general Regulation O lending limit in 12 CFR 215.4, which references "any insider" and "related interests."

First published on BankersOnline.com 1/3/05

First published on 01/03/2005

Filed under: 
Lending
Filed under lending as: 
Executive Officers
Lending Limit

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