OCC Issues Final Rule on Lending Limits (Pre-Fed. Reg. Version)

The Office of the Comptroller of the Currency (OCC) has issued a rule finalizing amendments to 12 CFR Part 32, which governs lending limits. The rule implementsDodd-Frank Section 610, which applies the lending limit statute to credit exposures arising from derivative transactions and securities financing transactions, and makes other changes.

Effective Dates: Under the rule, a temporary exception period is extended for three months so that compliance with the Section 610 provisions will not be required until October 1, 2013.

See: Final Rule Release.