12 CFR 7.1007 - National Bank Acceptances.

Regulations last checked for updates: May 03, 2025

Title 12 - Banks and Banking last revised: Apr 15, 2025

View all text of Subpart A [§ 7.1000 - § 7.1030]

§ 7.1007 - National Bank Acceptances.

A national bank is not limited in the character of acceptances it may make in financing credit transactions. Bankers' acceptances may be used for such purpose, since the making of acceptances is an essential part of banking authorized by 12 U.S.C. 24.

authority: 12 U.S.C. 1

source: 61 FR 4862, Feb. 9, 1996, unless otherwise noted.

cite as: 12 CFR 7.1007