OCC Issues Final Rule on Lending Limits

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On June 19, the Office of the Comptroller of the Currency (OCC) finalized the rule governing lending limits. The rule implements Section 610 of the Dodd Frank Wall Street Reform and Consumer Protection Act. Under the rule, the effective date has been extended to October 1st from July 1st, as proposed previously. OCC Release. Final Rule.

Topics:  Dodd-Frank, Fair Lending, OCC

Published In: General Business Updates, Finance & Banking Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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