N.Y. Comp. Codes R. & Regs. tit. 3, § 321.7 – Loans to executive officers and directors of bank holding companies. | Midpage
§ 321.7
N.Y. Comp. Codes R. & Regs. tit. 3, § 321.7
Loans to executive officers and directors of bank holding companies.
Banking
(a) The provisions of sections 321.1(b), 321.2, 321.3 and 321.4 of this Part shall apply to any loan made by a bank subsidiary of a bank holding company to an executive officer or director of the bank holding company.
(b) The provisions of section 321.6 of this Part shall apply to any director of a bank holding company who becomes obligated on any loan or extension of credit to any banking subsidiary of a bank holding company.