Wis. Admin. Code Department of Financial Institutions DFI-SL 13.01 - Loans to one borrower
(1) LOANS TO ONE BORROWER. Except as
otherwise authorized by the division in writing, the aggregate of an
association's mortgage, consumer and commercial loans to one borrower may not
exceed the lesser of the association's net worth or 5% of the association's
assets.
(2) SINGLE LOAN AND PROJECT
LIMITATION. Except as otherwise authorized by the division in writing, no loan
or group of loans on one real estate project may exceed 25% of the
association's net worth.
(3)
COMMERCIAL LOANS. The aggregate of commercial loans to one borrower is subject
to the limitations contained in
12 CFR
32.3.
(4) LOANS TO SUBSIDIARIES. Loans to
association subsidiaries, which are subject to division approval under ch.
DFI-SL 14 or 15 are not restricted by this section.
(5) CALCULATION. In this subsection, the
unpaid balance of a loan is deemed to remain a loan to the original borrower
unless the borrower conveys title to the mortgaged property to another person
who assumes responsibility for the payment of the mortgage and the association
releases the original borrower of liability for the loan's repayment. In
calculating limitations under this section, participating interests sold are
not included.
Notes
This section interprets or implements s. 215.21 (5), Stats.
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