Insider loan definition

Insider loan means an extension of credit to an insider. For purposes of this paragraph, “extension of credit” includes, without limitation, a new loan or a loan renewal, a line of credit or any other financial right structured in any manner and granted by a mortgage banker as a means for the borrower to defer payment on an existing debt or to incur a debt and defer immediate payment.
Sample 1Sample 2Sample 3
Insider loan has the meaning set forth in Section 6.22(b).
Sample 1Sample 2
Insider loan shall have the meaning set forth in Section 4.15(f) hereof.
Sample 1Sample 2

Examples of Insider loan in a sentence

  • New Rule Original Filing Yes No 1301:1-3-04 Insider loans.Rescission Original Filing Yes Yes 1301:1-3-05 Insider loan reporting.


More Definitions of Insider loan

Insider loan means an extension of credit to an insider. For purposes of this paragraph, “extension of credit” includes, without limitation, a new loan or a loan renewal, a line of credit or any other financial right structured in any manner and arranged by a mortgage [broker] company
Sample 1
Insider loan means an extension of credit to an insider
Sample 1
Insider loan means any Loan that is subject to the restrictions and requirements of Regulation O of the Federal Reserve or Section 23A or 23B of the Federal Reserve Act.
Sample 1

Related to Insider loan

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

  • Shareholder Loans means any shareholder loan made to the Issuer as debtor, if such loan:

  • DIP Loan Any Loan (i) with respect to which the related Obligor is a debtor-in-possession as defined under the Bankruptcy Code, (ii) which has the priority allowed pursuant to Section 364 of the Bankruptcy Code and (iii) the terms of which have been approved by a court of competent jurisdiction (the enforceability of which is not subject to any pending contested matter or proceeding).