Regulatory Alerts2004-05-13
Calculating Lending Limits
The Pennsylvania Department of Banking issued a non-objection letter to a state-chartered bank regarding its proposal to calculate legal lending limits on a quarterly basis. This approval relies on the Parity Authority granted by Section 201(c) of the Banking Code of 1965, allowing the bank to utilize the same calculation method permitted for national banks under 12 C.F.R. § 32.4. The Department reserves the right to amend or reverse this decision if facts change and will continue to exercise regulatory oversight to ensure the bank's safety and soundness.
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