12 CFR 2.4
§ 2.4 Bonus and incentive plans.
United States · 12 CFR — Banks and Banking · Status: effective
Cite this
- Citation
- 12 CFR 2.4, § 2.4 Bonus and incentive plans, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/42701
- Permanent ID
ys:prov:42701@1- SHA-256
47c06410088410ff8f9b170ca9fbbde92dea844cfab7070244ee2e44279c8382
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Full text
A bank employee or officer may participate in a bonus or incentive plan based on the sale of credit life insurance if payments to the employee or officer in any one year do not exceed the greater of:
(a) Five percent of the recipient's annual salary; or
(b) Five percent of the average salary of all loan officers participating in the plan.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.