12 CFR 28.53
§ 28.53 Accounting for fees on international loans.
United States · 12 CFR — Banks and Banking · Status: effective
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- Citation
- 12 CFR 28.53, § 28.53 Accounting for fees on international loans, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/43362
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Full text
(a) Restrictions on fees for restructured international loans. No banking institution shall charge, in connection with the restructuring of an international loan, any fee exceeding the administrative costs of the restructuring unless it amortizes the amount of the fee exceeding the administrative cost over the effective life of the loan.
(b) Accounting treatment. Subject to paragraph (a) of this section, a banking institution is to account for fees in accordance with generally accepted accounting principles.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.