OCC Finalizes its “True Lender” Test: Paving the Way for Bank & Non-Bank Partnerships
By EsqSocial Corporation 30/10/20
The Office of the Comptroller of the Currency (“OCC”) issued its long-anticipated final rule on Oct. 27, to establish a “simple, bright-line test” to determine when a national bank or federal savings association has made a loan and, therefore, is the “true lender” in a lending relationship with a third party....
By: Nelson Mullins Riley & Scarborough LLP