Ill. Admin. Code tit. 38 § 350.30

Current through Register Vol. 48, No. 50, December 13, 2024
Section 350.30 - Permissible ADC Lending Transactions by State Banks

State banks may engage in or purchase participations in ADC lending transactions unless such transactions are structured in such a manner that the state bank has the same risks and potential rewards as those of an investor or a joint venturer in real estate.

Ill. Admin. Code tit. 38, § 350.30