FORUM PROFILE

Pre-existing Loans

Home Forums Loans to Insiders/Regulation O Pre-existing Loans

Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • #5571
    compdud
    Participant

    Do pre-existing loans have to be modified to include the Reg O language of a demand clause if an individual becomes an Executive Officer?

    #5574
    rcooper
    Keymaster

    You do not need to go back and add a demand clauses to existing loans. This would be for extensions of credit after they became an EO.

Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.