Program Description:
Banks are in business to take deposits and loan money
to their customers. Banks have owners, usually in the
form of shareholders and are managed by a board of
directors. Day-to-day jobs within the bank are handled
by the bank’s executive officers. All of these people
involved with the bank’s operation are called bank
insiders. It is important that when a bank lends money
to one of its insiders that it is as careful as when it
lends money to anyone in the community -
Regulation O governs this activity.
After successfully completing this course, the student will be able to:
- Explain the background of Regulation O
- Describe the purpose of Regulation O
- Describe the general lending rule set forth in
Regulation O
- Describe the types of credit covered
- Explain the restrictions a bank must meet when lending to an insider
- Identify who is considered to be an executive officer
- Describe restrictions on loans to executive officers
- Explain disclosure requirements.
Who Should Attend:
All levels of employees.
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