12 C.F.R. § 215.6 Prohibition on knowingly receiving unauthorized extension of credit.
Title 12 - Banks and Banking
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.
Title 12: Banks and Banking
PART 215—LOANS TO EXECUTIVE OFFICERS, DIRECTORS, AND PRINCIPAL SHAREHOLDERS OF MEMBER BANKS (REGULATION O)
Subpart A—Loans by Member Banks to Their Executive Officers, Directors, and Principal Shareholders
§ 215.6 Prohibition on knowingly receiving unauthorized extension of credit.
