§223.13. What safety and soundness requirement applies to covered transactions?
12 C.F.R. § 223.13
A member bank may not engage in any covered transaction, including any transaction exempt under this regulation, unless the transaction is on terms and conditions that are consistent with safe and sound banking practices.
Notes, amendments, and revision history
Authority
Authority: 12 U.S.C. 371c(b)(1)(E), (b)(2)(A), and (f), 371c-1(e), 1828(j), 1468(a), and section 312(b)(2)(A) of the Dodd-Frank Wall Street Reform and Consumer Protection Act (12 U.S.C. 5412).
Source
Source: 67 FR 76604, Dec. 12, 2002, unless otherwise noted.