Title 12

SECTION 160.50

160.50 Letters of credit and other independent undertakings - authority.

§ 160.50 Letters of credit and other independent undertakings - authority. Link to an amendment published at 85 FR 83737, Dec. 22, 2020.

A Federal savings association may issue letters of credit and may issue such other independent undertakings as are approved by the OCC, subject to the restrictions in § 160.120.

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