§ 614.4353. Direct lender associations.
57 words·~1 min read·
/us/cfr/t12/s§ 614.4353·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
No direct lender association may make a loan to a borrower if the consolidated amount of all loans outstanding and undisbursed commitments to that borrower exceed 15 percent of the association's lending and leasing limit base. [58 FR 40321, July 28, 1999, as amended at 64 FR 34517, June 28, 1999; 76 FR 29997, May 24, 2011]