23 CAR § 320-401 – Warehousing mortgages and other loans

(a) Arkansas Code § 23-47-101(a)(14) permits state banks “To warehouse or act as agent in warehousing mortgages and other loans”.
(b) The aggregate of mortgages or other loans shall not be applied against the legal lending limit if the state bank is acting as agent in warehousing mortgages or other loans for a subsidiary.

Codification Notes: This section was promulgated as Section 47-101.1 of the State Bank Department Rules prior to codification into the Code of Arkansas Rules. This section as promulgated prior to codification into the Code of Arkansas Rules provided as follows: "(Reference A.C.A. § 23-47-101)"