12 C.F.R. § 337.5 Exemption.
Title 12 - Banks and Banking
Check guaranty card programs, customer-sponsored credit card programs, and similar arrangements in which a bank undertakes to guarantee the obligations of individuals who are its retail banking deposit customers are exempted from §337.2: Provided, however, That the bank establishes the creditworthiness of the individual before undertaking to guarantee his/her obligations and that any such arrangement to which a bank's principal shareholders, directors, or executive officers are a party be in compliance with applicable provisions of Federal Reserve Regulation O (12 CFR part 215). [50 FR 10495, Mar. 15, 1985]
Title 12: Banks and Banking
PART 337—UNSAFE AND UNSOUND BANKING PRACTICES
§ 337.5 Exemption.
