Pennsylvania Code
Title 10 - BANKING AND SECURITIES
Part II - Bureau of Banks
Chapter 13 - LOANS
LIMITS ON INDEBTEDNESS
Section 13.13 - Guarantees
Universal Citation: 10 PA Code ยง 13.13
Current through Register Vol. 54, No. 44, November 2, 2024
Institutions, subject to the prior approval of the Department, may give guarantees in connection with transactions providing for the sale or sale and repurchase of an institution's outstanding securities portfolio or in connection with borrowings by the institution, secured by the institution's outstanding securities portfolio.
The provisions of this §13.13 issued under sections 313(a)(iv) and 502(f) of the Banking Code of 1965 (7 P. S. §§ 313(a)(iv) and 502(f)).
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