Ask Reggi Your Question Now

Reggi is the free generative AI assistance for regulatory compliance
Ask a Question

Can you summarize 7 TXAC 65.11?

LOANS AND INVESTMENTS > Loans to and Transactions with Officers, Directors, Affiliated Persons, and Employees

Short Summary

All transactions, including loans, involving officers, directors, affiliated persons, controlling persons or employees shall be limited and governed by the provisions of Federal Reserve Board Regulations O and W, which sections are hereby incorporated by reference. Such provisions shall be enforced by the department. Source Note: The provisions of this 65.11 adopted to be effective January 10, 1989, 13 TexReg 6472; amended to be effective May 5, 2016, 41 TexReg 3107

Jurisdiction

Texas

Source
7 TXAC 65.11 [https://reggi.cloud.regology.com/regulations/US-TXAC/US-TXAC_T_7_P_4_C_65_S_11]