Disqualification of supervisory employees from matters involving lenders.

CFR · 2024-01-01 · US · Title 5

(a) (1) The employee; (2) The spouse or dependent child of the employee; (3) A company or business if the employee or the employee's spouse or dependent child owns or controls more than 10 percent of its equity; or (4) A partnership if the employee or the employee's spouse or dependent child is a general partner. (b) (i) Credit extended through the use of a credit card; (ii) Credit extended through use of an overdraft protection line; (iii) Amortizing consumer credit (e.g., home mortgage loans, automobile loans); and (iv) Credit extended under home equity lines of credit. (2) (i) The indebtedness represents the sole financial interest or responsibility of the spouse, child, company, business or partnership and is not derived from the employee's income, assets or activities; and (ii) The employee has no knowledge of the identity of the lender. (c)

official document · source cfr-2024 · id 5:§ 6801.107