12 C.F.R. § 925.10 10 percent requirement for certain insured depository institution applicants.
Title 12 - Banks and Banking
An insured depository institution applicant that is subject to the 10 percent requirement of section 4(a)(2)(A) of the Act (12 U.S.C. 1424(a)(2)(A))and section 925.6(b) of this part, shall be deemed to be in compliance with such requirement if, based on the applicant's most recent regulatory financial report filed with its appropriate regulator, the applicant has at least 10 percent of its total assets in residential mortgage loans, except that any assets used to secure mortgage debt securities as described in paragraph (6) of the definition of “residential mortgage loan” set forth in §925.1 of this part shall not be used to meet this requirement. [65 FR 13870, Mar. 15, 2000, as amended at 67 FR 12848, Mar. 20, 2002]
Title 12: Banks and Banking
PART 925—MEMBERS OF THE BANKS
Subpart C—Eligibility Requirements
§ 925.10 10 percent requirement for certain insured depository institution applicants.
