Extending Credit to Bank Insiders – Regulation O
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
Enrollment: To enroll in this course, please click on the link below for the registration form. Print and complete the form and submit it to your supervisor for approval. Then submit the approved form to your human resources department for processing.