§211.45. Accounting for fees on international loans.
12 C.F.R. § 211.45
Restrictions on fees for restructured international loans. No banking institution shall charge, in connection with the restructuring of an international loan, any fee exceeding the administrative cost of the restructuring unless it amortizes the amount of the fee exceeding the administrative cost over the effective life of the loan.
Accounting treatment. Subject to paragraph (a) of this section, banking institutions shall account for fees on international loans in accordance with generally accepted accounting principles.
Notes, amendments, and revision history
Amendments
[Reg. K, 68 FR 1159, Jan. 9, 2003]
Source
Source: 49 FR 5592, Feb. 13, 1984, unless otherwise noted.
Authority
Authority: 12 U.S.C. 221 et seq., 1818, 1835a, 1841 et seq., 3101 et seq., 3901 et seq., and 5101 et seq.; 15 U.S.C. 1681s, 1681w, 6801 and 6805.
Amendments
[Reg. K, 68 FR 1159, Jan. 9, 2003]