§ 302-11.106 - What is an accommodation party?

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§ 302-11.106 What is an accommodation party?
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Link to an amendment published at 89 FR 12255, Feb. 16, 2024.
An accommodation party is an individual who signs an employee's financing agreement (e.g., a mortgage) to lend his/her that individual's name (i.e., credit) to the arrangement.
[FTR Amdt. 98, 66 FR 58196, Nov. 20, 2001, as amended by FTR Case 2022-05, 89 FR 12255, Feb. 16, 2024]

                    
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§ 302-11.106 - What is an accommodation party?

§ 302-11.106 What is an accommodation party?

Cross Reference