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Can you summarize 7 TXAC 77.33?

AUTHORIZED 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 77.33 adopted to be effective September 23, 1993, 18 TexReg 6096; amended to be effective May 5, 2016, 41 TexReg 3119

Jurisdiction

Texas

Source
7 TXAC 77.33 [https://reggi.cloud.regology.com/regulations/US-TXAC/US-TXAC_T_7_P_4_C_77_SC_A_S_33]