§ 611.1285. Loan refinancing by borrowers.
77 words·~1 min read·
/us/cfr/t12/s§ 611.1285·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Disclosure of credit and loan information. At the request of a borrower seeking refinancing with another System institution before you terminate, you must give credit and loan information about the borrower to such institution.
(b)No reassignment of territory. If, at the termination date, we have not assigned your territory to another System institution, any System institution may lend in your territory, to the extent otherwise permitted by the Act and the regulations in this chapter.