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

Fed · final-rule · Published 2021-02-17 · Effective 2021-02-17 · 86 FR 9837

Document

Document number: 2021-02966
Federal Register citation: 86 FR 9837
CFR reference: 12 CFR 215
Type: Rule
Action: Interim final rule with request for comment.
Category: final-rule
Agency: US Federal Reserve System
Publication date: 2021-02-17
Effective date: 2021-02-17
Docket: Regulation O

Abstract

On April 17 and July 15, 2020, the Board issued two interim final rules to except certain loans made through June 30 and August 8, 2020, respectively, that are guaranteed under the Small Business Administration's Paycheck Protection Program from the requirements of section 22(h) of the Federal Reserve Act and the Board's Regulation O. The Board is issuing this interim final rule to further extend this relief to PPP loans, including PPP second draw loans, made through March 31, 2021.

Source

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