OCC issues final “true lender” rule
By EsqSocial Corporation 30/10/20
The OCC has issued a final rule to address when a national bank or federal savings association should be considered the “true lender” in the context of a partnership with a third party. The final rule, adopted only 54 days after the close of the comment period, is effective 60 days after the date it is published in the Federal Register....
By: Ballard Spahr LLP