Loans to Officers, Directors and Employees

PURPOSE: This rule authorizes the types of loans an association may make to its officers, directors and employees. Editor’s Note: Copies of all referenced federal regulations are available at a cost established by state law to any interested party at the Division of Finance, Room 630, 301 West High Street, Jefferson City, Missouri or the Office of the Secretary of State at a cost established by state law. An association may make any loans to its officers, directors and employees that fully comply with the applicable terms and conditions of this chapter, provided that all such loans must conform to the restrictions set forth in applicable federal regulations. AUTHORITY: sections 369.144, 369.229, 369.249 and 369.299, RSMo 1994.* This rule originally filed as 4 CSR 260-4.052. This rule previously filed as 4 CSR 140-20.052. Original rule filed Nov. 4, 1986, effective Jan. 30, 1987. Changed to 4 CSR 14020.052, effective July 6, 1994. Amended: Filed Nov. 8, 1994, effective March 30, 1995. Moved to 20 CSR 1140-20.052, effective Aug. 28, 2006. *Original authority: 369.144, RSMo 1971, amended 1982, 1983, 1984, 1989, 1994; 369.229, RSMo 1971, amended 1983, 1994; and 369.249 and 369.299, RSMo 1971, amended 1994.