OCC Proposes Rule to Clarify “Valid When Made” Doctrine

The Office of the Comptroller of the Currency (OCC) is soliciting comments on a proposed rule to clarify that when a national bank or savings association sells, assigns, or otherwise transfers a loan, interest permissible prior to the transfer continue…

The Office of the Comptroller of the Currency (OCC) is soliciting comments on a proposed rule to clarify that when a national bank or savings association sells, assigns, or otherwise transfers a loan, interest permissible prior to the transfer continues to be permissible following the transfer.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2019/nr-occ-2019-132.html?utm_source=RSS_feed&utm_medium=RSS

OCC Proposes Rule to Clarify “Valid When Made” Doctrine

The Office of the Comptroller of the Currency (OCC) is soliciting comments on a proposed rule to clarify that when a national bank or savings association sells, assigns, or otherwise transfers a loan, interest permissible prior to the transfer continue…

The Office of the Comptroller of the Currency (OCC) is soliciting comments on a proposed rule to clarify that when a national bank or savings association sells, assigns, or otherwise transfers a loan, interest permissible prior to the transfer continues to be permissible following the transfer.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2019/nr-occ-2019-132.html