Authority, purpose, and scope.

CFR · 2024-01-01 · US · Title 12

(a) (b) (2) This part also applies to any extension of credit made by a member bank to a company controlled by such a person, or to a political or campaign (3) This part also implements the reporting requirements of 12 U.S.C. 1817(k) concerning extensions of credit by a member bank to its executive officers or principal shareholders (or to the related interests of such persons). (4) Extensions of credit made to an executive officer, director, or principal shareholder of a bank (or to a related interest of such person) by a correspondent bank also are subject to restrictions set forth in 12 U.S.C. 1972(2).

official document · source cfr-2024 · id 12:§ 215.1