Prohibition on knowingly receiving unauthorized extension of credit.

CFR · 2024-01-01 · US · Title 12

No executive officer, director, or principal shareholder of a member bank or any of its affiliates shall knowingly receive (or knowingly permit any of that person's related interests to receive) from a member bank, directly or indirectly, any extension of credit not authorized under this part.

official document · source cfr-2024 · id 12:§ 215.6