Home > Regulation & Examinations >
Laws & Regulations > FDIC
Federal Register Citations
FDIC Federal Register Citations
The proposed revisions to this rule are entirely too burdensome on banks who are under $1BB of total assets.
Our institution, at $450MM, currently spends over $500,000 annually on compliance. If we make a few loans, we will hit $500MM. We simply cannot afford the additional expense associated with 363 compliance.
Please do not implement 363 for financial institutions under $1 Billion in assets.
Mike Rossi, Senior Vice President, Chief Financial Officer
|Last Updated 11/19/2007||Regs@fdic.gov|