Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-71.html
OCC Issues Rule to Clarify Permissible Interest on Transferred Loans
The Office of the Comptroller of the Currency (OCC) today finalized a rule to clarify that when a national bank or savings association sells, assigns, or otherwise transfers a loan, interest permissible before the transfer continues to be permissible a…
The Office of the Comptroller of the Currency (OCC) today finalized a rule to clarify that when a national bank or savings association sells, assigns, or otherwise transfers a loan, interest permissible before the transfer continues to be permissible after the transfer.