Description
30min | Credits: 0.75 CRCM
Explains the federal law that prevents bank “insiders” from receiving preferential treatment by imposing limits and stipulations the bank credit extensions to its executive officers, principal shareholders, and directors.
Audience: Employees involved in the lending process as well as those responsible for making overdraft decisions.
Learning Objectives
After completing this course, students will be able to:
- Explain who is deemed an “insider” and the type of credit subject to restrictions
- Identify restrictions on loans to insiders
- Describe other Regulation O requirements and provisions
This course is part of the ABA Frontline Compliance program.