Regulation O Policy
The purpose of this Regulation O Policy Template is to address how a bank, credit union, or other type of financial institution adheres to Regulation O – “Loans to Executive Officers, Directors, and Principal Shareholders of Member Banks” to prohibit a financial institution from making a loan to a member of one of these individuals unless the loan falls within specified limits permitted by the regulation. Additionally, this policy provides guidance on how the Board of Directors and Senior Management may legally and prudently engage in transactions with insiders by implementing risk management processes that provide for the appropriate control and monitoring of insider activities.
Table of Contents
- Purpose and Contents – Topic 1
- Policy Statement – Topic 2
- Definitions – Topic 3
- Regulation O and Related Laws and Regulations – Topic 4
- Board of Directors and Senior Management Responsibilities – Topic 5
- Risk Management – Topic 6
- Duty of Care and Duty of Loyalty – Topic 7
- Compensation and Benefits Paid to Insiders – Topic 8
- Extension of Credit – Topic 9
- General Prohibitions – Topic 10
- Additional Restrictions on Loans to Executive Officers – Topic 11
- Unauthorized Extension of Credit – Topic 12
- Public Disclosure – Topic 13
- Reporting Requirement for Credit Secured by Bank Stock – Topic 14
- Civil Penalties – Topic 15
- Application to Savings Associations – Topic 16
- Audit Policy – Topic 17
- Staff Training – Topic 18
- Retention of Documentation – Topic 19
Includes the following form template:
- Insider Policy Acknowledgement of Receipt (1 page)
This Regulation O Policy Template (approximately 39 pages) is available to purchase from BankPolicies.com in Microsoft® Word format.
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