12 C.F.R. § 215.6

Current through October 31, 2024
Section 215.6 - Prohibition on knowingly receiving unauthorized extension of credit

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.

12 C.F.R. §215.6