12 C.F.R. · Banks and Banking
12 C.F.R. § 28.53

Accounting for fees on international loans.

Title 12 C.F.R. ● ACTIVE Primary Source
Regulatory Text

12 C.F.R. § 28.53 — Accounting for fees on international loans.

§ 28.53 Accounting for fees on international loans. (a) 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 costs of the restructuring unless it amortizes the amount of the fee exceeding the administrative cost over the effective life of the loan. (b) Accounting treatment. Subject to paragraph (a) of this section, a banking institution is to account for fees in accordance with generally accepted accounting principles. [63 FR 57048, Oct. 26, 1998]

Source: ecfr.gov · govinfo.gov — public domain Official Source ↗
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12 C.F.R. § 28.53
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The regulatory text of 12 C.F.R. § 28.53 is reproduced from the official Code of Federal Regulations as published by the Office of the Federal Register and the National Archives and Records Administration.
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