Banks are in business to take deposits and loan money to their customers. Banks have owners, usually in the form of shareholders and are managed by a Board of Directors. Day-to-day jobs within the bank are handled by the bank's executive officers. All of these people involved with the bank's operation are called bank insiders. It is important that when a bank lends money to one of its insiders that it is as careful as when it lends money to anyone in the community. Regulation O governs this activity.
| Price |
$130 Nonmembers / $95 Members |
| Course Credits |
AIB: 0 ; ICB: 1.0 (CLBB, CRCM) |
| Prerequisites |
None |
| Required Software |
None |
| Optional Software |
Adobe Acrobat Reader and RealPlayer |
Audience
All levels of employees.
Learning Objectives
After completing this course, students will be able to:
- Explain the background of Regulation O
- Describe the purpose of Regulation O
- Describe the general lending rule set forth in Regulation O
- Describe the types of credit covered
- Explain the restrictions a bank must meet when lending to an insider
- Identify who is considered to be an executive officer
- Describe restrictions on loans to executive officers
- Explain disclosure requirements
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