12 CFR 611.1285
§ 611.1285 Loan refinancing by borrowers.
United States · 12 CFR — Banks and Banking · Status: effective
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- Citation
- 12 CFR 611.1285, § 611.1285 Loan refinancing by borrowers, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/47672
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Full text
(a) Disclosure of credit and loan information. At the request of a borrower seeking refinancing with another System institution before you terminate, you must give credit and loan information about the borrower to such institution.
(b) No reassignment of territory. If, at the termination date, we have not assigned your territory to another System institution, any System institution may lend in your territory, to the extent otherwise permitted by the Act and the regulations in this chapter.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.