Loan to Insiders (Regulation O) Compliance Checklist

Summary

This checklist should be used by practitioners, financial institutions, and Insiders to ensure compliance with applicable Insider lending restrictions and requirements. Federal banking laws and regulations impose certain restrictions on insured depository institutions (IDIs) extending credit to its executive officers, directors, and principal shareholders (Insiders). These restrictions apply to all institutions insured by the Federal Deposit Insurance Corporation (FDIC), and are found in the Federal Reserve Act (the Act) and its implementing Regulation O.