National bank and Federal savings association acting as finder.

CFR · 2024-01-01 · US · Title 12

(a) (b) (i) Communicating information about providers of products and services, and proposed offering prices and terms to potential markets for these products and services; (ii) Communicating to the seller an offer to purchase or a request for information, including forwarding completed applications, application fees, and requests for information to third-party providers; (iii) Arranging for third-party providers to offer reduced rates to those customers referred by the national bank; (iv) Providing administrative, clerical, and record keeping functions related to the national bank's finder activity, including retaining copies of documents, instructing and assisting individuals in the completion of documents, scheduling sales calls on behalf of sellers, and conducting market research to identify potential new customers for retailers; (v) Conveying between interested parties expressions of interest, bids, offers, orders, and confirmations relating to a transaction; (vi) Conveying other types of information between potential buyers, sellers, and other interested parties; (vii) Establishing rules of general applicability governing the use and operation of the finder service, including rules that: (A) Govern the submission of bids and offers by buyers, sellers, and other interested parties that use the finder service and the circumstances under which the finder service will pair bids and offers submitted by buyers, sellers, and other interested parties; and (B) Govern the manner

official document · source cfr-2024 · id 12:§ 7.1002