BOD – Loans to Executive Officers: Regulation O

Course Description

As a director, you are ultimately responsible for your financial institution’s compliance with regulatory laws. Regulation O is one of several laws that require your attention, knowledge, and action. It governs the extension of credit to insiders, including a limitation on the total amount of credit that may be extended, as well as a requirement that credit extended to insiders be no more favorable than credit extended to other borrowers. This course reviews the basic requirements of Regulation O and provides guidance on the general prohibitions of extending credit to insiders. This course also addresses record keeping and reporting requirements, and discusses specific duties for directors to ensure that your financial institution will conduct its insider activities in a safe and sound manner.

30 Minutes

Series: Board of Directors for Banks

Roles: Board of Directors, Compliance - Internal Audit

Course Format: Online Self-Paced

Package: Breakthrough, Expansion

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