Code of Federal Regulations (alpha)

CFR /  Title 12  /  Part 560  /  Sec. 560.130 Prohibition on loan procurement fees.

If you are a director, officer, or other natural person having the power to direct the management or policies of a savings association, you must not receive, directly or indirectly, any commission, fee, or other compensation in connection with the procurement of any loan made by the savings association or a subsidiary of the savings association. [61 FR 60178, Nov. 27, 1996]