12 C.F.R. § 560.130   Prohibition on loan procurement fees.


Title 12 - Banks and Banking


Title 12: Banks and Banking
PART 560—LENDING AND INVESTMENT
Subpart B—Lending and Investment Provisions Applicable to all Savings Associations

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§ 560.130   Prohibition on loan procurement fees.

If you are a director, officer, or other natural person having the power to direct the management or policies of a savings association, you must not receive, directly or indirectly, any commission, fee, or other compensation in connection with the procurement of any loan made by the savings association or a subsidiary of the savings association.

[61 FR 60178, Nov. 27, 1996]

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