12 C.F.R. § 160.130

Prohibition on loan procurement fees.

Last amended: 2017Year: 2026Length: 57 wordsOfficial source

Cite as 12 C.F.R. § 160.130 (2026)

If you are a director, officer, or other natural person having the power to direct the management or policies of a Federal savings association, you must not receive, directly or indirectly, any commission, fee, or other compensation in connection with the procurement of any loan made by the savings association or a subsidiary of the savings association.
12 C.F.R. § 160.130: Prohibition on loan procurement fees. | Justis AI