<< Title VI Overview
6.13 Stricter Lending Limits
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6.13. Stricter Lending Limits.
6.13.1. National Bank Lending Limits. The national bank lending limits will be revised to include any credit exposure to a person arising from a derivative transaction, a repurchase agreement, a reverse repurchase agreement, or a securities borrowing or lending transaction as extensions of credit subject to the lending limits. This provision will be effective 1 year after the Transfer Date. [§ 610]
6.13.2. State Lending Limit Treatment of Derivatives. A state bank may only engage in a derivative transaction if the state lending limit laws take into account credit exposure to derivative transactions. This provision will be effective 18 months after the Transfer Date. [§ 611]