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CFR › Title 12 › Chapter II › Subchapter A › Part 221 › Section 221.102

12 CFR 221.102 - Application to committed credit where funds are disbursed thereafter.

§ 221.102
Application to committed credit where funds are disbursed thereafter.
The Board has concluded that the date a commitment to extend credit becomes binding should be regarded as the date when the credit is extended, since:
(a) On that date the parties should be aware of law and facts surrounding the transaction; and
(b) Generally, the date of contract is controlling for purposes of margin regulations and Federal securities law, regardless of the delivery of cash or securities.

Title 12 published on 2012-01-01

no entries appear in the Federal Register after this date.

This is a list of United States Code sections, Statutes at Large, Public Laws, and Presidential Documents, which provide rulemaking authority for this CFR Part.

This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].

It is not guaranteed to be accurate or up-to-date, though we do refresh the database weekly. More limitations on accuracy are described at the GPO site.

United States Code
USC : Title 15 - COMMERCE AND TRADE

§ 78c - Definitions and application

§ 78g - Margin requirements

§ 78q - Records and reports

§ 78w - Rules, regulations, and orders; annual reports