Insider loan definition
Insider loan means an extension of credit to an insider. For purposes of this paragraph, “extension of credit” includes, without limitation, a new loan or a loan renewal, a line of credit or any other financial right structured in any manner and granted by a mortgage banker as a means for the borrower to defer payment on an existing debt or to incur a debt and defer immediate payment.
Insider loan shall have the meaning set forth in Section 4.15(f) hereof.
Insider loan has the meaning set forth in Section 6.22(b).
More Definitions of Insider loan
Insider loan means an extension of credit to an insider. For purposes of this paragraph, “extension of credit” includes, without limitation, a new loan or a loan renewal, a line of credit or any other financial right structured in any manner and arranged by a mortgage [broker] company
Insider loan means an extension of credit to an insider
Insider loan means any Loan that is subject to the restrictions and requirements of Regulation O of the Federal Reserve or Section 23A or 23B of the Federal Reserve Act.