Orrick, Herrington & SutcliffeยทFINANCIAL REGULATION

OCC Interpretive Letter 1194 Clears Banks to Offer Guarantee Insurance

A September 3 OCC interpretive letter concludes that personal guarantee insurance for loan guarantors is a permissible credit-related insurance activity for national banks.

occ-interpretive-letterpersonal-guarantee-insurancenational-bankscredit-related-insurancebank-regulation

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