Skip to main content
  1. Home
  2. Banks and Banking
  3. Regulation O
  4. SECTION 215.6
3-977.1

SECTION 215.6—Prohibition on Knowingly Receiving Unauthorized Extension of Credit

No executive officer, director, or principal shareholder of a member bank or any of its affiliates shall knowingly receive (or knowingly permit any of that person’s related interests to receive) from a member bank, directly or indirectly, any extension of credit not authorized under this part.
Back to top