What Is Actually a Single Credit Rule-12 CFR 221

question 170

Multiple Choice

What is actually a Single credit rule-12 CFR 221.3(d) ?

• A) All purpose credit extended to a customer will be considered to be a single credit for purposes of Regulation U
• B) The value of all collateral securing all-purpose loans will be aggregated to determine if it is sufficient
• C) If unsecured purpose credit is extended before secured purpose credit, the loans need only be combined for purposes of applying the withdrawal and substitution rules
• D) All of the above

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