12 C.F.R. § 7.1007

National Bank Acceptances.

Last amended: 2017Year: 2026Length: 42 wordsOfficial source

Cite as 12 C.F.R. § 7.1007 (2026)

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.
Cross-references to the US Code
12:24.
12 C.F.R. § 7.1007: National Bank Acceptances. | Justis AI