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e-CFR data is current as of September 17, 2020

Title 12Chapter IIISubchapter BPart 347Subpart C → §347.304


Title 12: Banks and Banking
PART 347—INTERNATIONAL BANKING
Subpart C—International Lending


§347.304   Accounting for fees on international loans.

(a) Restrictions on fees for restructured international loans. No banking institution shall charge, in connection with the restructuring of an international loan, any fee exceeding the administrative cost of the restructuring unless it amortizes the amount of the fee exceeding the administrative cost over the effective life of the loan.

(b) Accounting treatment. Subject to paragraph (a) of this section, banking institutions shall account for fees on international loans in accordance with generally accepted accounting principles.

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