12 CFR 160.130
§ 160.130 Prohibition on loan procurement fees.
United States · 12 CFR — Banks and Banking · Status: effective
Cite this
- Citation
- 12 CFR 160.130, § 160.130 Prohibition on loan procurement fees, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/43822
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Full text
If you are a director, officer, or other natural person having the power to direct the management or policies of a Federal savings association, you must not receive, directly or indirectly, any commission, fee, or other compensation in connection with the procurement of any loan made by the savings association or a subsidiary of the savings association.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.