12 CFR 150.360 - May I make a loan to a fiduciary account that is secured by an interest in the assets of the account?

Regulations last checked for updates: Jun 18, 2024

Title 12 - Banks and Banking last revised: Jun 11, 2024

View all text of Subpart B [§ 150.130 - § 150.480]

§ 150.360 - May I make a loan to a fiduciary account that is secured by an interest in the assets of the account?

You may make a loan to a fiduciary account that is secured by an interest in the assets of the account, if the transaction is fair to the account and is not prohibited by applicable law.

authority: 12 U.S.C. 1462a,1463,1464,5412

source: 76 FR 49003, Aug. 9, 2011, unless otherwise noted.

cite as: 12 CFR 150.360