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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 12 - Banks and Banking |
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Chapter II - Federal Reserve System |
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SubChapter A - Board of Governors of the Federal Reserve System |
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Part 215 - Loans to Executive Officers, Directors, and Principal Shareholders of Member Banks (Regulation O) |
§ 215.6 - Prohibition on knowingly receiving unauthorized extension of credit.
Latest version.
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§ 215.6 Prohibition on knowingly receiving unauthorized extension of credit.
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.