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Code of Federal Regulations (Last Updated: May 6, 2024) |
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Title 12 - Banks and Banking |
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Chapter V - Office of Thrift Supervision, Department of the Treasury |
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Part 550 - Fiduciary Powers of Savings Associations |
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Subpart B - Exercising Fiduciary Powers |
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Restrictions on Self Dealing |
§ 550.360 - May I make a loan to a fiduciary account that is secured by an interest in the assets of the account?
Latest version.
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§ 550.360 May I make a loan to a fiduciary account that is secured by an interest in the assets of the account?
You may make a loan to a fiduciary account that is secured by an interest in the assets of the account, if the transaction is fair to the account and is not prohibited by applicable law.