51A-12-2.3. Loan defined.
46 words·~1 min read·
/sd/title-51/chapter-51-12/51a-12-2-3·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
For the purpose of calculating loan or credit limitations pursuant to § 51A-12-2 , a loan includes any credit exposure to a borrower arising from a derivative transaction, repurchase agreement, reverse repurchase agreement, securities lending transaction, or securities borrowing transaction between a bank and that borrower.