12 CFR 160.1

§ 160.1 General.

United States · 12 CFR — Banks and Banking · Status: effective

Cite this

Citation: 12 CFR 160.1, § 160.1 General, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/43803
Permanent ID: ys:prov:43803@1
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Full text

(a) Authority and scope. This part is being issued by the Office of the Comptroller of the Currency (OCC) under its general rulemaking and supervisory authority under the Home Owners' Loan Act (HOLA), 12 U.S.C. 1462 et seq. (b) General lending standards. Each savings association is expected to conduct its lending and investment activities prudently. Each association should use lending and investment standards that are consistent with safety and soundness, ensure adequate portfolio diversification and are appropriate for the size and condition of the institution, the nature and scope of its operations, and conditions in its lending market. Each association should adequately monitor the condition of its portfolio and the adequacy of any collateral securing its loans.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.