Missouri Code of State Regulations
Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE
Division 1140 - Division of Finance
Chapter 20 - Association Loans
Section 20 CSR 1140-20.096 - Loans on Securities

Universal Citation: 20 MO Code of State Regs 1140-20.096
Current through Register Vol. 49, No. 6, March 15, 2024

PURPOSE: This rule authorizes associations to make loans to insured financial institutions or to registered brokers or dealers secured by loans, obligations or investments in which associations may invest directly.

An association may invest in loans secured by obligations of or by obligations fully guaranteed as to principal and interest by the United States or any agency or instrumentality of the United States listed in applicable federal regulations, if the borrower is a financial institution insured by the Federal Deposit Insurance Corporation or is a broker or dealer registered with the Securities and Exchange Commission and provided the market value of the securities for each loan at least equals the amount of the loan at the time it is made.

Copies of all referenced federal regulations are available at a cost established by state law to any interested party at the Division of Finance, Room 630, 301 West High Street, Jefferson City, Missouri or the Office of the Secretary of State at a cost established by state law.

*Original authority: 369.249, RSMo 1971, amended 1994 and 369.299, RSMo 1971, amended 1994.

Disclaimer: These regulations may not be the most recent version. Missouri may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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