OCC Issues Final Rule Addressing the “True Lender” Problem
By EsqSocial Corporation 03/11/20
On October 30, 2020, the Office of the Comptroller of the Currency (the “OCC”) published its final rule (the “Rule”) that establishes when a national bank or federal savings association makes a loan and is the “true lender,” including when a bank is involved with a third party lender. The Rule will be effective December 29, 2020....
By: Locke Lord LLP