04 NCAC 16E .0405. LOANS TO ONE BORROWER

Latest version.

Upon a written determination by the Commissioner of Banks that a savings bank is operating with unsafe and unsound lending practices, the Commissioner of Banks may establish more restrictive limits on loans to any one borrower than the limits provided by G.S. 54C-130. These restrictive amounts shall be at such limits as the Commissioner of Banks deems appropriate to protect the public.

History Note: Authority G.S. 54C-53; 54C-128;

Temporary Adoption Eff. October 2, 1991 for a period of 180 days to expire on March 31, 1992;

Eff. February 15, 1992;

Amended Eff. December 1, 2011.

                    
                        var val = document.getElementById('citecontent').innerHTML;
                        art.dialog.defaults.title = window.location.href;
                        art.dialog.data('cite', val);
                        art.dialog.data('homeDemoPath', '/Scripts/plus/artDialog/');
                        art.dialog.open('/Scripts/plus/artDialog/citeiframe.html');