12 CFR § 7.1007 Activities and Operations

§ 7.1007 National Bank Acceptances.

Current through Oct 1, 2026 · Read all of Part 7

⚠ 1 pending change to Part 7

A national bank is not limited in the character of acceptances it may make in financing credit transactions. Bankers' acceptances may be used for such purpose, since the making of acceptances is an essential part of banking authorized by 12 U.S.C. 24.

← § 7.1006 Loan agreement providing for a national bank or Federal savings association share in profits, income, or earnings or for stock warrants.§ 7.1008 Preparation by a national bank of income tax returns for customers or public. →