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Code · CFR · Title 12 — Banks and Banking · Part 160 — Lending and Investment · § 160.130

§ 160.130. Prohibition on loan procurement fees.

57 words·~1 min read·/us/cfr/t12/s§ 160.130·

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If you are a director, officer, or other natural person having the power to direct the management or policies of a Federal savings association, you must not receive, directly or indirectly, any commission, fee, or other compensation in connection with the procurement of any loan made by the savings association or a subsidiary of the savings association.
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§ 160.130
Prohibition on loan procurement fees.
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