Summary
A pilot program aimed at helping community banks with national charters continue to provide expanded credit availability to customers in states that have lending limits higher than those available for federally-chartered institutions is being extended and expanded by the Office of the Comptroller of the Currency. In June 2001, the OCC started a pilot program that allowed national banks with the highest supervisory ratings to lend up to the state limit - but no more than 25% of capital - to single borrowers for small business loans and for loans secured by a perfected first-lien security interest in 1-4 family real estate in an amount that does not exceed 80% of the property's appraised value.
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Extract
Occ Extends Pilot Program for Lending
A pilot program aimed at helping community banks with national charters continue to provide expanded credit availability to customers in states that have lending limits higher than thos...
See the full content of this document
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