CFR > Title 12 - Banks and Banking > CHAPTER V—OFFICE OF THRIFT SUPERVISION, DEPARTMENT OF THE TREASURY > PART 560—LENDING AND INVESTMENT > SUBPART A—Lending and Investment Powers for Federal Savings Associations (§560.30 to §560.60) > 560.50—Letters of credit and other independent undertakings—authority.

560.50—Letters of credit and other independent undertakings—authority.

A Federal savings association may issue letters of credit and may issue such other independent undertakings as are approved by OTS, subject to the restrictions in § 560.120.

Code of Federal Regulations

[64 FR 46565, Aug. 26, 1999]