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FDIC Federal Register Citations



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FDIC Federal Register Citations




Lakeside State Bank


From: Gary Petersen [mailto:garylsb@restel.net]
Sent: Friday, April 16, 2004 9:14 AM
To: regs.comments@federalreserve.gov; Comments; regs.comments@occ.treas.gov; regs.comments@ots.treas.gov
Subject: EGRPRA

Please consider a reduction in paperwork for conventional real estate lending for small banks. The current disclosure requirements are so ominous that it hinders lending to individuals for small real estate loans. In our rural area, there is difficulty getting secondary market loans making conventional lending sometimes the only means to obtaining a real estate loan. But if my bank is going to get hammered by regulators for not checking every box or considering every fee, we are reluctant to lend. I believe in consumer protection but I don't believe in denial to access to credit for the underserved.

Gary Petersen, President
Lakeside State Bank
P.O. Box 787
New Town, ND 58763

 

 

Last Updated 04/19/2004 regs@fdic.gov

Last Updated: August 4, 2024