The maximum amount of capital that a national bank can lend a borrower determined by assessing the financial condition of both, the lending institution and the borrower. All lending institutions have a legal lending limit specifically defined in the Financial Institution Act of 1989.
Related information about legal lending limit:
- Legal Lending Limit Definition | Investopedia
The aggregate maximum dollar amount that a single bank can lend to a given borrower. The legal limits differ for different types of banks. The Financial ...
- FDIC: FDIC Law, Regulations, Related Acts - Miscellaneous Statutes
Sep 15, 2012 ... (a) A loan or extension of credit, within a national bank's or savings association's legal lending limit when made, will not be deemed a violation ...
- Legal Lending Limit: Definition from Answers.com
Legal Lending Limit Maximum amount a bank can lend to a single borrower. National banks are limited to 15% of capital and reserves on unsecured loans ( 25%
- Federal Register | Lending Limits
Jun 21, 2012... treated as nonconforming if the extension of credit was within the national bank's or savings association's legal lending limit at execution and ...
- 12 USC § 84 - Lending limits | LII / Legal Information Institute
(1) The total loans and extensions of credit by a national banking association to a person outstanding at one time and not fully secured, as determined in a ...
- Legal Lending Limit Law & Legal Definition
A legal lending limit is the maximum amount a bank can lend to a single borrower . All types of financial services have a legal lending limit. In the U.S. ...
- What is legal lending limit? definition and meaning
Definition of legal lending limit: The maximum amount of capital that a national bank ... All lending institutions have a legal lending limit specifically defined in the ...
- What Is a Legal Lending Limit?
A legal lending limit is the total amount that a financial institution can commit to a single borrower. This includes all types of financial services, including ...