Office of the Comptroller of the Currency Issues Proposed True Lender Rule

The Office of the Comptroller of the Currency (OCC) today proposed a rule that would determine when a national bank or federal savings association (bank) makes a loan and is the “true lender” in the context of a partnership between a bank and a third p…

The Office of the Comptroller of the Currency (OCC) today proposed a rule that would determine when a national bank or federal savings association (bank) makes a loan and is the "true lender" in the context of a partnership between a bank and a third party.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-97.html