Loan defined.

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51A-12-2.3. Loan defined.

For the purpose of calculating loan or credit limitations pursuant to §51A-12-2, a loan includes any credit exposure to a borrower arising from a derivative transaction, repurchase agreement, reverse repurchase agreement, securities lending transaction, or securities borrowing transaction between a bank and that borrower.

Source: SL 2013, ch 240, §1.


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