Prohibition on loan procurement fees.

CFR · 2024-01-01 · US · Title 12

If you are a director, officer, or other natural person having the power to direct the management or policies of a Federal savings association, you must not receive, directly or indirectly, any commission, fee, or other compensation in connection with the procurement of any loan made by the savings association or a subsidiary of the savings association.

official document · source cfr-2024 · id 12:§ 160.130