← Independent regulator rules (SEC/Fed/FDIC/SBA/FTC/NCUA/CPSC/FHFA/EEOC/NLRB)

Loans to Executive Officers, Directors, and Principal Shareholders of Member Banks; Regulation O

Fed · final-rule · Published 2020-07-16 · Effective 2020-07-16 · 85 FR 43119

Document

Document number: 2020-15367
Federal Register citation: 85 FR 43119
CFR reference: 12 CFR 215
Type: Rule
Action: Interim final rule with request for comments.
Category: final-rule
Agency: US Federal Reserve System
Publication date: 2020-07-16
Effective date: 2020-07-16
Docket: Docket No. R-1722 and RIN 7100-AF93

Abstract

On April 17, 2020, the Board issued an interim final rule to except certain loans made by June 30, 2020, that are guaranteed under the Small Business Administration's Paycheck Protection Program from the requirements of the Federal Reserve Act and the corresponding provisions of the Board's Regulation O. The Board is issuing this interim final rule to expand the exception to apply to PPP loans made through August 8, 2020.

Source

Authoritative: Federal Register document
Machine: JSON-LD · Markdown