Code of Federal Regulations · Section

§ 215.6 — Prohibition On Knowingly Receiving Unauthorized Extension Of Credit

12 C.F.R. § 215.6

View:

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. § 215.5 12 C.F.R. § 215.7

Authorizing Statute