12 CFR 2.1 - Authority, purpose, and scope.
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(a) Authority. A national bank may provide credit life insurance to loan customers pursuant to 12 U.S.C. 24 (Seventh).
(b) Purpose. The purpose of this part is to set forth the principles and standards that apply to a national bank's provision of credit life insurance and the limitations that apply to the receipt of income from those sales by certain individuals and entities associated with the bank.
Title 12 published on 2015-01-01.
No entries appear in the Federal Register after this date, for 12 CFR Part 2.