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VCE
Regulation O both restricts lending to insiders and requires that certain loans to insiders be disclosed. Each banking agency has adopted the provisions of Regulation O for administrative enforcement purposes. These were not found to be useful in preventing insider lending abuse. Regulation O governs which of the following areas major areas:
A. Lending to insiders
B. Disclosures of loans made to insiders
C. Both of these
D. None of these
Under content of disclosures long term disclosures may include the following, as applicable EXCLUDING:
A. Notification that the product is optional
B. of debt-suspension agreement
C. Lump-sum payment of fee with no refund
D. Refund of fee paid in lump sum
What is the longest time after board approval that a bank can approve a line of credit for an executive officer?
A. 12 months of such approval
B. 9 months of such approval
C. 14 months of such approval
D. 6 months of such approval