Banks are in business to take deposits and loan money to their customers. Banks have owners, usually in the form of shareholders and are managed by a Board of Directors. Day-to-day jobs within the bank are handled by the bank’s executive officers. All of these people involved with the bank’s operation are called bank insiders. It is important that when a bank lends money to one of its insiders that it is as careful as when it lends money to anyone in the community. Regulation O governs this activity.

Audience

All levels of employees.

Learning Objectives

After completing this course, students will be able to:

• Explain the background of Regulation O
• Describe the purpose of Regulation O
• Describe the general lending rule set forth in Regulation O
• Describe the types of credit covered
• Explain the restrictions a bank must meet when lending to an insider
• Identify who is considered to be an executive officer
• Describe restrictions on loans to executive officers
• Explain disclosure requirements

Enrollment Form

(Download and print from SER-CFT website, complete and fax to 904-354-1834)