Answer:
The demand feature requirement is at 215.5(d)(4) which only applies to executive officers. It would only apply to a director if that individual were also an executive officer.
First published on BankersOnline.com 10/17/2005
Demand Feature Provision Applicable to Directors?
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Question:
Is the Reg O Demand Feature provision required on loans made only to executive officers, or does it also include directors?
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