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Loans to one Borrower

banking-occ · OCC · Rule · Published 1995-03-28 · Effective 1995-03-28 · 60 FR 15861

Document

Document number
95-7589
Federal Register citation
60 FR 15861
CFR reference
12 CFR 563
Type
Rule
Action
Interim final rule with request for comments.
Category
banking-occ
Sub-agency
OCC
Publication date
1995-03-28
Effective date
1995-03-28
Treasury docket
No. 95-55

Abstract

The Office of Thrift Supervision (OTS) is amending its lending limits regulation, also known as the loans to one borrower (LTOB) rule, to reflect recent changes to the Office of the Comptroller of the Currency's (OCC's) lending limits regulation. Section 5(u) of the Home Owners' Loan Act requires that savings association lending limits parallel those applicable to national banks. This interim final rule amends OTS's LTOB regulation so that thrifts, like national banks, will use regulatory capital as the starting point for determining ``unimpaired capital and unimpaired surplus'' for LTOB purposes, removing the need for a separate calculation. It also removes other outdated or redundant provisions.

Source

Authoritative
Federal Register document
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