MODIFICATION 12 CFR ยง215.5 now specifically exempts loans for the purpose of refinancing the loan on a principal residence. August 31, 1993 Re: Refinancing of Loans to Executive Officers — Financial Code Section 3370 and Section 215.5(c)(2) of Regulation O Dear... Read MoreRead more about 93-5
August 3, 1993 Re: ________ — Extraordinary situation closing Dear Ms. ________: This is in reference to your letter of July 26, 1993, reflecting a determination by bank officers that an “extraordinary situation” exists at your Branch, and requesting... Read MoreRead more about 93-3